JNPR Dividend Type Payments
Although JNPR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Juniper Networks, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:05 PM ET):
Juniper Networks, Inc. (JNPR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
36.08 | 36.09 | 36.08 | -0.06 | 192K | 42 | 12B |
JNPR Dividend-Like Income Using Covered Calls
With JNPR at 36.08, 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% | 1.08 | 0.3 |
5% | 1.80 | 0.5 |
10% | 3.61 | 1.0 |
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:
3% Yield On JNPR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 36.00 | 0.50 | 136 | 0.3 | 0.00 (0.0%) | |
May 16 | 36.00 | 0.45 | 45 | 0.8 | 0.00 (0.0%) |
5% Yield On JNPR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 38.00 | 0.70 | 136 | 0.5 | 1.91 (5.3%) | |
May 16 | 36.00 | 0.45 | 45 | 0.8 | 0.00 (0.0%) |
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1. | NVDA dividend | 6. | IWM dividend | 1. | RKLB dividend | |
2. | SPY dividend | 7. | NIO dividend | 2. | ELF dividend | |
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5. | QQQ dividend | 10. | TSLA dividend | 5. | RCAT dividend |
Want more examples? JNK Dividend | JNUG Dividend