JAZZ Dividend Type Payments

Jazz Pharmaceuticals plc - Ordinary Shares dividend

Although JAZZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Jazz Pharmaceuticals plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:20 PM ET):

Jazz Pharmaceuticals plc - Ordinary Shares (JAZZ)
Bid Ask Last Change Volume P/E Market Cap
117.23 117.37 117.25 -0.34 292K 17 7.1B

JAZZ Dividend-Like Income Using Covered Calls

With JAZZ at 117.25, 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% 3.52 1.0
5% 5.86 1.6
10% 11.73 3.2

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 JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 120.00 2.40 32 7.5 2.63 (2.2%)
Jan 17 120.00 4.20 60 7.0 2.63 (2.2%)
5% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 120.00 2.40 32 7.5 2.63 (2.2%)
Jan 17 120.00 4.20 60 7.0 2.63 (2.2%)
10% Yield On JAZZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 120.00 2.40 32 7.5 2.63 (2.2%)
Jan 17 120.00 4.20 60 7.0 2.63 (2.2%)

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