NICE Dividend Type Payments
Although NICE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NICE Ltd - American Depositary Shares each representing one Ordinary Sha to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| NICE Ltd - American Depositary Shares each representing one Ordinary Sha (NICE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 151.00 | 157.00 | 156.78 | +2.78 | 642K | 24 | 4.1B |
NICE Dividend-Like Income Using Covered Calls
With NICE at 156.78, 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% | 4.70 | 1.3 |
| 5% | 7.84 | 2.1 |
| 10% | 15.68 | 4.3 |
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 NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 160.00 | 15.20 | 148 | 10.3 | 3.00 (1.9%) | |
| May 16 | 160.00 | 8.40 | 57 | 14.7 | 3.00 (1.9%) | |
| 5% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 160.00 | 15.20 | 148 | 10.3 | 3.00 (1.9%) | |
| May 16 | 160.00 | 8.40 | 57 | 14.7 | 3.00 (1.9%) | |
| 10% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 160.00 | 15.20 | 148 | 10.3 | 3.00 (1.9%) | |
| May 16 | 160.00 | 8.40 | 57 | 14.7 | 3.00 (1.9%) | |
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | NIO dividend | 1. | EWTX dividend | |
| 2. | SLV dividend | 7. | QQQ dividend | 2. | ZIM dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | ALDX dividend | |
| 4. | ASHR dividend | 9. | TSLA dividend | 4. | SLNO dividend | |
| 5. | EEM dividend | 10. | IWM dividend | 5. | APLD dividend | |
Want more examples? NI Dividend | NINE Dividend
