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 Mon 1:30 PM ET):

BIOTELEMETRY (BEAT)
Bid Ask Last Change Volume P/E Market Cap
62.53 62.72 62.66 -5.49 444K - 2.3B

BEAT Dividend-Like Income Using Covered Calls

With BEAT at 62.66, 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% 1.88 0.5
5% 3.13 0.9
10% 6.27 1.7

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 BEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 70.00 0.05 5 1.0 7.28 (11.6%)
Dec 21 75.00 0.45 40 1.1 12.28 (19.6%)
5% Yield On BEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 70.00 0.05 5 1.0 7.28 (11.6%)
Dec 21 75.00 0.45 40 1.1 12.28 (19.6%)
10% Yield On BEAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 65.00 0.55 5 11.0 2.28 (3.6%)
Dec 21 70.00 1.15 40 2.9 7.28 (11.6%)

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Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.VKTX dividend
2.EEM dividend 7.IWM dividend   2.AMRN dividend
3.EWZ dividend 8.FXI dividend   3.CRON dividend
4.QQQ dividend 9.BAC dividend   4.UVXY dividend
5.SPX dividend 10.VXX dividend   5.TLRY dividend

Want more examples? BDX Dividend | BECN Dividend