PERI Dividend Type Payments

Perion Network Ltd - Ordinary Shares dividend

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

Perion Network Ltd - Ordinary Shares (PERI)
Bid Ask Last Change Volume P/E Market Cap
8.14 8.36 8.34 +0.13 306K 8.9 0.2B

PERI Dividend-Like Income Using Covered Calls

With PERI at 8.34, 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% 0.25 0.1
5% 0.42 0.1
10% 0.83 0.2

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 PERI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 10.00 0.15 116 0.1 1.64 (19.7%)
Jul 18 10.00 0.60 208 0.3 1.64 (19.7%)
5% Yield On PERI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 10.00 0.15 116 0.1 1.64 (19.7%)
Jul 18 10.00 0.60 208 0.3 1.64 (19.7%)
10% Yield On PERI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 10.00 0.60 208 0.3 1.64 (19.7%)

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