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 Tue 4:16 PM ET):
| Zebra Technologies Corporation - Class A (ZBRA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 300.00 | 325.25 | 310.34 | +0.79 | 344K | 30 | 16B |
ZBRA Dividend-Like Income Using Covered Calls
With ZBRA at 310.34, 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% | 9.31 | 2.6 |
| 5% | 15.52 | 4.3 |
| 10% | 31.03 | 8.5 |
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 | |
| Aug 15 | 330.00 | 19.30 | 172 | 11.2 | 4.75 (1.5%) | |
| May 16 | 330.00 | 10.60 | 81 | 13.1 | 4.75 (1.5%) | |
| 5% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 330.00 | 19.30 | 172 | 11.2 | 4.75 (1.5%) | |
| May 16 | 330.00 | 10.60 | 81 | 13.1 | 4.75 (1.5%) | |
| 10% Yield On ZBRA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 330.00 | 19.30 | 172 | 11.2 | 4.75 (1.5%) | |
| May 16 | 330.00 | 10.60 | 81 | 13.1 | 4.75 (1.5%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | QBTS dividend | |
| 2. | SPY dividend | 7. | INTC dividend | 2. | LUNR dividend | |
| 3. | FXI dividend | 8. | QQQ dividend | 3. | SOUN dividend | |
| 4. | EEM dividend | 9. | SLV dividend | 4. | ASTS dividend | |
| 5. | IWM dividend | 10. | TLT dividend | 5. | MARA dividend | |
Want more examples? ZBH Dividend | ZDGE Dividend
