WIX Dividend Type Payments
Although WIX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Wix.com 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):
| Wix.com Ltd. - Ordinary Shares (WIX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 146.29 | 171.40 | 146.50 | -13.26 | 827K | 68 | 9.0B |
WIX Dividend-Like Income Using Covered Calls
With WIX at 146.50, 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% | 4.40 | 1.2 |
| 5% | 7.33 | 2.0 |
| 10% | 14.65 | 4.0 |
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 WIX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 175.00 | 7.10 | 117 | 6.1 | 3.60 (2.5%) | |
| May 16 | 175.00 | 0.50 | 26 | 1.9 | 3.60 (2.5%) | |
| 5% Yield On WIX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 175.00 | 7.10 | 117 | 6.1 | 3.60 (2.5%) | |
| Oct 17 | 175.00 | 9.10 | 180 | 5.1 | 3.60 (2.5%) | |
| 10% Yield On WIX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 175.00 | 7.10 | 117 | 6.1 | 3.60 (2.5%) | |
| Oct 17 | 175.00 | 9.10 | 180 | 5.1 | 3.60 (2.5%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | STLA dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | HOOD dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | VRT dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | UPST dividend | |
| 5. | QQQ dividend | 10. | KWEB dividend | 5. | RIOT dividend | |
Want more examples? WIT Dividend | WK Dividend
