BHE Dividend Type Payments

Benchmark Electronics, Inc. dividend

Although BHE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Benchmark Electronics, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:45 AM ET):

Benchmark Electronics, Inc. (BHE)
Bid Ask Last Change Volume P/E Market Cap
43.83 44.10 43.97 +0.18 110K 42 1.6B

BHE Dividend-Like Income Using Covered Calls

With BHE at 43.97, 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% 1.32 0.4
5% 2.20 0.6
10% 4.40 1.2

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 BHE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 0.35 51 0.7 5.90 (13.4%)
Jan 16 45.00 2.05 79 2.6 0.90 (2.0%)
5% Yield On BHE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 0.35 51 0.7 5.90 (13.4%)
Jan 16 45.00 2.05 79 2.6 0.90 (2.0%)
10% Yield On BHE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 45.00 2.05 79 2.6 0.90 (2.0%)
Apr 17 45.00 2.40 170 1.4 0.90 (2.0%)

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