ZBRA Dividend Type Payments
Although ZBRA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Zebra Technologies Corporation - Class A 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):
| Zebra Technologies Corporation - Class A (ZBRA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 242.90 | 253.14 | 248.30 | +5.48 | 453K | 25 | 12B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 248.30, 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% | 7.45 | 2.0 |
| 5% | 12.42 | 3.4 |
| 10% | 24.83 | 6.8 |
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 ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 260.00 | 16.40 | 134 | 12.2 | 6.86 (2.8%) | |
| Jan 16 | 260.00 | 1.60 | 15 | 10.7 | 6.86 (2.8%) | |
| 5% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 260.00 | 16.40 | 134 | 12.2 | 6.86 (2.8%) | |
| Jan 16 | 260.00 | 1.60 | 15 | 10.7 | 6.86 (2.8%) | |
| 10% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 260.00 | 16.40 | 134 | 12.2 | 6.86 (2.8%) | |
| Jan 16 | 260.00 | 1.60 | 15 | 10.7 | 6.86 (2.8%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | IMRX dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | DAWN dividend | |
| 3. | IBIT dividend | 8. | SPY dividend | 3. | LUNR dividend | |
| 4. | SLV dividend | 9. | NIO dividend | 4. | ONDS dividend | |
| 5. | TLT dividend | 10. | NFLX dividend | 5. | MARA dividend | |
Want more examples? ZBIO Dividend | ZDGE Dividend
