NOV Dividend

Although NOV has a dividend of 0.08 with an ex-dividend date of Dec 6, you can sell covered calls on NOV Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

NOV Inc. (NOV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
16.08	16.39	16.21	-0.03	2.6M	6.0	6.3B

NOV Dividend-Like Income Using Covered Calls

With NOV at 16.21, 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%	0.49	0.1
5%	0.81	0.2
10%	1.62	0.4

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 NOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	17.00	0.35	37	0.9	0.61 (3.8%)
May 16	17.00	1.30	184	0.7	0.61 (3.8%)

5% Yield On NOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	17.00	0.35	37	0.9	0.61 (3.8%)
May 16	17.00	1.30	184	0.7	0.61 (3.8%)

10% Yield On NOV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	17.00	0.35	37	0.9	0.61 (3.8%)
May 16	17.00	1.30	184	0.7	0.61 (3.8%)

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Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
1.	FXI dividend	6.	IWM dividend	1.	NOVA dividend
2.	NVDA dividend	7.	TLT dividend	2.	LUNR dividend
3.	TSLA dividend	8.	EEM dividend	3.	OKLO dividend
4.	SPY dividend	9.	EWZ dividend	4.	AMAT dividend
5.	SLV dividend	10.	SMCI dividend	5.	WULF dividend

Want more examples? NORW Dividend | NOVA Dividend