BATRK Dividend Type Payments

Although BATRK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LIBERTY MEDIA CORP SERIES C LBTY BRAVES 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):

LIBERTY MEDIA CORP SERIES C LBTY BRAVES (BATRK)
Bid Ask Last Change Volume P/E Market Cap
24.82 24.79 24.79 -0.07 150K - 1.3B

BATRK Dividend-Like Income Using Covered Calls

With BATRK at 24.79, here's a table showing how big the annual "dividend" (ie. 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% 0.74 0.2
5% 1.24 0.3
10% 2.48 0.7

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 BATRK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 25.00 0.85 127 0.7 0.21 (0.8%)
May 17 25.00 0.90 218 0.4 0.21 (0.8%)
5% Yield On BATRK Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 15 25.00 0.85 127 0.7 0.21 (0.8%)
May 17 25.00 0.90 218 0.4 0.21 (0.8%)

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