NVCR Dividend Type Payments

Although NVCR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NovoCure Limited - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

NovoCure Limited - Ordinary Shares (NVCR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
19.71	20.99	20.18	+0.92	891K	-	2.1B

NVCR Dividend-Like Income Using Covered Calls

With NVCR at 20.18, 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%	0.61	0.2
5%	1.01	0.3
10%	2.02	0.6

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 NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	21.00	1.35	42	3.2	0.01 (0.0%)
Sep 19	21.00	3.30	197	1.7	0.01 (0.0%)

5% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	21.00	1.35	42	3.2	0.01 (0.0%)
Sep 19	21.00	3.30	197	1.7	0.01 (0.0%)

10% Yield On NVCR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	21.00	1.35	42	3.2	0.01 (0.0%)
Sep 19	21.00	3.30	197	1.7	0.01 (0.0%)

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