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 Thu 11:25 AM ET):
| NICE Ltd - American Depositary Shares each representing one Ordinary Sha (NICE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 174.65 | 174.96 | 174.81 | -24.36 | 1.4M | 33 | 5.3B |
NICE Dividend-Like Income Using Covered Calls
With NICE at 174.81, 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% | 5.24 | 1.4 |
| 5% | 8.74 | 2.4 |
| 10% | 17.48 | 4.8 |
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 | |
| Dec 20 | 175.00 | 8.30 | 37 | 22.4 | 0.04 (0.0%) | |
| May 16 | 175.00 | 20.10 | 184 | 10.9 | 0.04 (0.0%) | |
| 5% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 175.00 | 8.30 | 37 | 22.4 | 0.04 (0.0%) | |
| May 16 | 175.00 | 20.10 | 184 | 10.9 | 0.04 (0.0%) | |
| 10% Yield On NICE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 175.00 | 8.30 | 37 | 22.4 | 0.04 (0.0%) | |
| May 16 | 175.00 | 20.10 | 184 | 10.9 | 0.04 (0.0%) | |
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| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | AMAT dividend | |
| 2. | NVDA dividend | 7. | TLT dividend | 2. | SEDG dividend | |
| 3. | TSLA dividend | 8. | EEM dividend | 3. | WULF dividend | |
| 4. | SPY dividend | 9. | EWZ dividend | 4. | TEM dividend | |
| 5. | SLV dividend | 10. | SMCI dividend | 5. | RUM dividend | |
Want more examples? NI Dividend | NINE Dividend
