ENZ Dividend Type Payments

Although ENZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Enzo Biochem, Inc. ($0.01 Par Value) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Enzo Biochem, Inc. ($0.01 Par Value) (ENZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
0.72	0.76	0.73	-0.01	35K	-	0.0B

ENZ Dividend-Like Income Using Covered Calls

With ENZ at 0.73, 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%	0.02	0.0
5%	0.04	0.0
10%	0.07	0.0

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:

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Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	XLF dividend	1.	NMRA dividend
2.	SLV dividend	7.	SPY dividend	2.	RUM dividend
3.	AAPL dividend	8.	TSLA dividend	3.	X dividend
4.	EEM dividend	9.	IWM dividend	4.	CLSK dividend
5.	INTC dividend	10.	TLT dividend	5.	QUBT dividend

Want more examples? ENVA Dividend | ENZL Dividend