EXEL Dividend Type Payments

Although EXEL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Exelixis, Inc. 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):

Exelixis, Inc. (EXEL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
32.00	34.39	33.30	-0.40	1.6M	22	10B

EXEL Dividend-Like Income Using Covered Calls

With EXEL at 33.30, 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%	1.00	0.3
5%	1.67	0.5
10%	3.33	0.9

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 EXEL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	35.00	3.20	228	1.4	0.61 (1.8%)
May 16	35.00	3.40	137	2.5	0.61 (1.8%)

5% Yield On EXEL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	35.00	3.20	228	1.4	0.61 (1.8%)
May 16	35.00	3.40	137	2.5	0.61 (1.8%)

10% Yield On EXEL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	35.00	3.20	228	1.4	0.61 (1.8%)
May 16	35.00	3.40	137	2.5	0.61 (1.8%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

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

Want more examples? EXE Dividend | EXI Dividend