NOC Dividend Type Payments

Although NOC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Northrop Grumman Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:05 AM ET):

Northrop Grumman Corporation (NOC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
498.25	499.41	498.83	-1.51	255K	31	73B

NOC Dividend-Like Income Using Covered Calls

With NOC at 498.83, 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%	14.96	4.1
5%	24.94	6.8
10%	49.88	13.7

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 NOC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	500.00	11.70	36	32.5	0.59 (0.1%)
Nov 22	500.00	4.30	8	53.8	0.59 (0.1%)

5% Yield On NOC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	500.00	11.70	36	32.5	0.59 (0.1%)
Nov 22	500.00	4.30	8	53.8	0.59 (0.1%)

10% Yield On NOC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	500.00	11.70	36	32.5	0.59 (0.1%)
Nov 22	500.00	4.30	8	53.8	0.59 (0.1%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	BE dividend
2.	SPY dividend	7.	XLF dividend	2.	NOVA dividend
3.	EEM dividend	8.	KWEB dividend	3.	LUNR dividend
4.	FXI dividend	9.	TLT dividend	4.	OKLO dividend
5.	IWM dividend	10.	KRE dividend	5.	MNMD dividend

Want more examples? NOBL Dividend | NOG Dividend