AVDL Dividend Type Payments
Although AVDL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Avadel Pharmaceuticals plc - Ordinary Share to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Avadel Pharmaceuticals plc - Ordinary Share (AVDL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.54 | 18.75 | 18.56 | 0.00 | 3.5M | - | 1.8B |
AVDL Dividend-Like Income Using Covered Calls
With AVDL at 18.56, 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% | 0.56 | 0.2 |
| 5% | 0.93 | 0.3 |
| 10% | 1.86 | 0.5 |
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 AVDL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 20.00 | 0.10 | 57 | 0.2 | 1.25 (6.7%) | |
| Nov 21 | 20.00 | 0.05 | 29 | 0.2 | 1.25 (6.7%) | |
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | UUUU dividend | |
| 2. | KVUE dividend | 7. | HYG dividend | 2. | CRML dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | UPST dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | RXRX dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | LQDA dividend | |
Want more examples? AVDE Dividend | AVDV Dividend
