NPO Dividend

Although NPO has a dividend of 0.30 with an ex-dividend date of Dec 4, 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 4:16 PM ET):

Enpro Inc. (NPO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
157.81	168.49	163.64	+0.97	92K	64	3.4B

NPO Dividend-Like Income Using Covered Calls

With NPO at 163.64, 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%	4.91	1.3
5%	8.18	2.2
10%	16.36	4.5

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
Dec 20	170.00	2.15	37	5.8	1.51 (0.9%)
Jan 17	170.00	2.00	65	3.1	1.51 (0.9%)

5% Yield On NPO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	170.00	2.15	37	5.8	1.51 (0.9%)
Jan 17	170.00	2.00	65	3.1	1.51 (0.9%)

10% Yield On NPO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	170.00	2.15	37	5.8	1.51 (0.9%)
Jun 20	170.00	11.00	219	5.0	1.51 (0.9%)

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

Want more examples? NOW Dividend | NR Dividend