BEPC Dividend

Although BEPC has a dividend of 0.37 with an ex-dividend date of May 30, you can sell covered calls on Brookfield Renewable Corporation Class A Subordinate Voting Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Brookfield Renewable Corporation Class A Subordinate Voting Shares (BEPC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
27.25	28.40	27.37	-0.86	735K	45	4.9B

BEPC Dividend-Like Income Using Covered Calls

With BEPC at 27.37, 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%	0.82	0.2
5%	1.37	0.4
10%	2.74	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 BEPC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	30.00	0.05	12	0.4	1.60 (5.8%)
Sep 19	30.00	0.95	138	0.7	1.60 (5.8%)

5% Yield On BEPC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	30.00	0.05	12	0.4	1.60 (5.8%)
Sep 19	30.00	0.95	138	0.7	1.60 (5.8%)

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