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 Mon 4:16 PM ET):

Avadel Pharmaceuticals plc - Ordinary Share (AVDL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
22.80	23.60	22.92	-0.11	1.1M	-	2.2B

AVDL Dividend-Like Income Using Covered Calls

With AVDL at 22.92, 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%	0.69	0.2
5%	1.15	0.3
10%	2.29	0.6

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	25.00	0.15	26	0.6	1.40 (6.1%)

5% Yield On AVDL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	25.00	0.15	26	0.6	1.40 (6.1%)

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Want more examples? AVDE Dividend | AVDV Dividend