CGNT Dividend Type Payments
Although CGNT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Cognyte Software Ltd. - Ordinary Shares 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):
| Cognyte Software Ltd. - Ordinary Shares (CGNT) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 9.65 |
9.74 |
9.70 |
+0.17 |
195K |
- |
0.6B |
CGNT Dividend-Like Income Using Covered Calls
With CGNT at 9.70, 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% |
0.29 |
0.1 |
| 5% |
0.49 |
0.1 |
| 10% |
0.97 |
0.3 |
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 CGNT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| May 16 |
10.00 |
0.20 |
22 |
0.9 |
0.26 (2.7%) |
| Oct 17 |
10.00 |
1.25 |
176 |
0.7 |
0.26 (2.7%) |
| 5% Yield On CGNT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| May 16 |
10.00 |
0.20 |
22 |
0.9 |
0.26 (2.7%) |
| Oct 17 |
10.00 |
1.25 |
176 |
0.7 |
0.26 (2.7%) |
| 10% Yield On CGNT Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| May 16 |
10.00 |
0.20 |
22 |
0.9 |
0.26 (2.7%) |
| Oct 17 |
10.00 |
1.25 |
176 |
0.7 |
0.26 (2.7%) |
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