NVO Dividend Type Payments

Novo Nordisk A/S dividend

Although NVO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Novo Nordisk A/S to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 12:20 PM ET):

Novo Nordisk A/S (NVO)
Bid Ask Last Change Volume P/E Market Cap
107.93 107.98 107.97 -0.04 1.6M 34 746B

NVO Dividend-Like Income Using Covered Calls

With NVO at 107.97, 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% 3.24 0.9
5% 5.40 1.5
10% 10.80 3.0

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 NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 108.00 3.85 3 128.3 0.02 (0.0%)
Dec 27 108.00 6.15 10 61.5 0.02 (0.0%)
5% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 108.00 3.85 3 128.3 0.02 (0.0%)
Dec 27 108.00 6.15 10 61.5 0.02 (0.0%)
10% Yield On NVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 108.00 3.85 3 128.3 0.02 (0.0%)
Dec 27 108.00 6.15 10 61.5 0.02 (0.0%)

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Want more examples? NVMI Dividend | NVRO Dividend