DOX Dividend
Although DOX has a dividend of 0.53 with an ex-dividend date of Mar 31, you can sell covered calls on Amdocs Limited - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Amdocs Limited - Ordinary Shares (DOX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 80.70 | 95.00 | 88.14 | +1.28 | 1.6M | 20 | 11B |
DOX Dividend-Like Income Using Covered Calls
With DOX at 88.14, 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% | 2.64 | 0.7 |
| 5% | 4.41 | 1.2 |
| 10% | 8.81 | 2.4 |
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 DOX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 95.00 | 1.45 | 164 | 0.9 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | SYM dividend | |
| 2. | TLT dividend | 7. | QQQ dividend | 2. | BILL dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | AFRM dividend | |
| 4. | IWM dividend | 9. | GLD dividend | 4. | NET dividend | |
| 5. | FXI dividend | 10. | KWEB dividend | 5. | PINS dividend | |
Want more examples? DOW Dividend | DPST Dividend
