ASML Dividend
Although ASML has a dividend of 1.92 with an ex-dividend date of Apr 28, you can sell covered calls on ASML Holding N.V. - New York Registry Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:05 AM ET):
ASML Holding N.V. - New York Registry Shares (ASML) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
723.79 | 724.31 | 723.72 | -6.61 | 180K | 37 | 233B |
ASML Dividend-Like Income Using Covered Calls
With ASML at 723.72, here's a table showing how big the annual "dividend" (i.e. total annual call premium received) would need to be to attain 3%, 5%, and 10% annual yields. Also shown is the equivalent number of cents/day necessary to achieve each yield:
Annual Yield | Annual Premium | Cents/Day |
---|---|---|
3% | 21.71 | 5.9 |
5% | 36.19 | 9.9 |
10% | 72.37 | 19.8 |
So now we need to find out of the money covered calls that pay at least the prescribed cents/day amount of time premium. That will generate income and, because they are out of the money, leave room for some upside potential on the stock. Here are some examples:
3% Yield On ASML Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 722.50 | 25.50 | 18 | 131.6 | 0.00 (0.0%) | |
Apr 11 | 725.00 | 29.50 | 25 | 118.0 | 0.69 (0.1%) |
5% Yield On ASML Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 722.50 | 25.50 | 18 | 131.6 | 0.00 (0.0%) | |
Apr 11 | 725.00 | 29.50 | 25 | 118.0 | 0.69 (0.1%) |
10% Yield On ASML Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 4 | 722.50 | 25.50 | 18 | 131.6 | 0.00 (0.0%) | |
Apr 11 | 725.00 | 29.50 | 25 | 118.0 | 0.69 (0.1%) |
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Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | ASO dividend | |
2. | SPY dividend | 7. | TSLA dividend | 2. | ZIM dividend | |
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Want more examples? ASIX Dividend | ASND Dividend