URGN Dividend Type Payments
Although URGN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on UroGen Pharma 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 Thu 4:16 PM ET):
| UroGen Pharma Ltd. - Ordinary Shares (URGN) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 9.50 |
10.99 |
9.67 |
-0.72 |
733K |
- |
0.5B |
URGN Dividend-Like Income Using Covered Calls
With URGN at 9.67, 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% |
0.29 |
0.1 |
| 5% |
0.48 |
0.1 |
| 10% |
0.97 |
0.3 |
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 URGN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
12.50 |
0.80 |
121 |
0.7 |
1.51 (15.6%) |
| May 16 |
17.50 |
0.05 |
30 |
0.2 |
6.51 (67.3%) |
| 5% Yield On URGN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
12.50 |
0.80 |
121 |
0.7 |
1.51 (15.6%) |
| May 16 |
17.50 |
0.05 |
30 |
0.2 |
6.51 (67.3%) |
| 10% Yield On URGN Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Aug 15 |
12.50 |
0.80 |
121 |
0.7 |
1.51 (15.6%) |
| Nov 21 |
12.50 |
2.05 |
219 |
0.9 |
1.51 (15.6%) |
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