CHKP Dividend Type Payments
Although CHKP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Check Point Software Technologies 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 Mon 1:05 PM ET):
| Check Point Software Technologies Ltd. - Ordinary Shares (CHKP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 208.99 | 209.45 | 209.04 | +2.49 | 422K | 28 | 28B |
CHKP Dividend-Like Income Using Covered Calls
With CHKP at 209.04, 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% | 6.27 | 1.7 |
| 5% | 10.45 | 2.9 |
| 10% | 20.90 | 5.7 |
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 CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 210.00 | 5.00 | 19 | 26.3 | 0.55 (0.3%) | |
| Oct 17 | 210.00 | 16.30 | 173 | 9.4 | 0.55 (0.3%) | |
| 5% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 210.00 | 5.00 | 19 | 26.3 | 0.55 (0.3%) | |
| Oct 17 | 210.00 | 16.30 | 173 | 9.4 | 0.55 (0.3%) | |
| 10% Yield On CHKP Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 210.00 | 5.00 | 19 | 26.3 | 0.55 (0.3%) | |
| Oct 17 | 210.00 | 16.30 | 173 | 9.4 | 0.55 (0.3%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | ZETA dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | RDDT dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | WOLF dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | APLD dividend | |
| 5. | QQQ dividend | 10. | IBIT dividend | 5. | IONQ dividend | |
Want more examples? CHIQ Dividend | CHRS Dividend
