ROP Dividend

Although ROP has a dividend of 0.83 with an ex-dividend date of Jan 3, you can sell covered calls on Roper Technologies, Inc. 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):

Roper Technologies, Inc. (ROP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
490.00	558.00	548.23	-16.54	501K	42	61B

ROP Dividend-Like Income Using Covered Calls

With ROP at 548.23, 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%	16.45	4.5
5%	27.41	7.5
10%	54.82	15.0

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 ROP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	560.00	5.60	36	15.6	2.00 (0.4%)
May 16	560.00	27.00	183	14.8	2.00 (0.4%)

5% Yield On ROP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	560.00	5.60	36	15.6	2.00 (0.4%)
May 16	560.00	27.00	183	14.8	2.00 (0.4%)

10% Yield On ROP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	560.00	5.60	36	15.6	2.00 (0.4%)
Feb 21	560.00	15.40	99	15.6	2.00 (0.4%)

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Want more examples? ROOT Dividend | RORO Dividend