BEAT Dividend Type Payments

BIOTELEMETRY dividend

Although BEAT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on BIOTELEMETRY 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):

BIOTELEMETRY (BEAT)
Bid Ask Last Change Volume P/E Market Cap
40.80 41.05 41.05 +0.10 147K - 1.3B

BEAT Dividend-Like Income Using Covered Calls

With BEAT at 41.05, 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% 1.23 0.3
5% 2.05 0.6
10% 4.11 1.1

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 BEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 15 45.00 0.15 25 0.6 3.95 (9.6%)
Jul 20 48.00 0.25 60 0.4 6.95 (16.9%)
5% Yield On BEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 15 45.00 0.15 25 0.6 3.95 (9.6%)
Jul 20 47.00 0.35 60 0.6 5.95 (14.5%)
10% Yield On BEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 15 44.00 0.30 25 1.2 2.95 (7.2%)
Jul 20 45.00 0.70 60 1.2 3.95 (9.6%)

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Top 10 Open Interest For Jun 15 Expiration     Top 5 High Yield
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Want more examples? BDX Dividend | BECN Dividend