NPO Dividend Type Payments

Enpro Inc. dividend

Although NPO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Enpro Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:55 AM ET):

Enpro Inc. (NPO)
Bid Ask Last Change Volume P/E Market Cap
170.49 171.69 171.31 +2.96 43K 66 3.5B

NPO Dividend-Like Income Using Covered Calls

With NPO at 171.31, 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% 5.14 1.4
5% 8.57 2.3
10% 17.13 4.7

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 NPO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 175.00 17.60 247 7.1 3.31 (1.9%)
Jun 20 175.00 13.20 156 8.5 3.31 (1.9%)
5% Yield On NPO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 175.00 17.60 247 7.1 3.31 (1.9%)
Jun 20 175.00 13.20 156 8.5 3.31 (1.9%)
10% Yield On NPO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 175.00 17.60 247 7.1 3.31 (1.9%)
Jun 20 175.00 13.20 156 8.5 3.31 (1.9%)

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