BANC Dividend Type Payments

Although BANC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Banc of California, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:55 PM ET):

Banc of California, Inc. (BANC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
20.63	20.64	20.64	+0.66	710K	19	3.0B

BANC Dividend-Like Income Using Covered Calls

With BANC at 20.64, 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%	0.62	0.2
5%	1.03	0.3
10%	2.06	0.6

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 BANC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	22.50	0.20	75	0.3	1.86 (9.0%)
Jul 17	22.50	0.80	166	0.5	1.86 (9.0%)

5% Yield On BANC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 17	22.50	0.80	166	0.5	1.86 (9.0%)
Mar 20	22.50	0.15	47	0.3	1.86 (9.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	SLV dividend	6.	QQQ dividend	1.	LITE dividend
2.	NVDA dividend	7.	EWZ dividend	2.	RBLX dividend
3.	KWEB dividend	8.	SPY dividend	3.	BE dividend
4.	GLD dividend	9.	INTC dividend	4.	USAR dividend
5.	IBIT dividend	10.	CORZ dividend	5.	LUNR dividend

Want more examples? BAM Dividend | BAND Dividend