NEOG Dividend Type Payments
Although NEOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Neogen Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:00 PM ET):
| Neogen Corporation (NEOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 9.14 | 9.15 | 9.14 | -0.08 | 1.4M | - | 2.0B |
NEOG Dividend-Like Income Using Covered Calls
With NEOG at 9.14, 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% | 0.27 | 0.1 |
| 5% | 0.46 | 0.1 |
| 10% | 0.91 | 0.3 |
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 NEOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 12.50 | 0.10 | 127 | 0.1 | 3.35 (36.7%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | KWEB dividend | 2. | EWTX dividend | |
| 3. | IWM dividend | 8. | TSLA dividend | 3. | ZIM dividend | |
| 4. | FXI dividend | 9. | INTC dividend | 4. | IMVT dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | ORGO dividend | |
Want more examples? NEO Dividend | NEON Dividend
