BIO Dividend Type Payments
Although BIO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bio-Rad Laboratories, Inc. Class A 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):
| Bio-Rad Laboratories, Inc. Class A (BIO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 288.88 | 304.26 | 296.57 | -8.65 | 228K | - | 8.2B |
BIO Dividend-Like Income Using Covered Calls
With BIO at 296.57, 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% | 8.90 | 2.4 |
| 5% | 14.83 | 4.1 |
| 10% | 29.66 | 8.1 |
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 BIO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 310.00 | 19.00 | 147 | 12.9 | 5.74 (1.9%) | |
| Sep 18 | 310.00 | 30.00 | 239 | 12.6 | 5.74 (1.9%) | |
| 5% Yield On BIO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 310.00 | 19.00 | 147 | 12.9 | 5.74 (1.9%) | |
| Sep 18 | 310.00 | 30.00 | 239 | 12.6 | 5.74 (1.9%) | |
| 10% Yield On BIO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 310.00 | 19.00 | 147 | 12.9 | 5.74 (1.9%) | |
| Sep 18 | 310.00 | 30.00 | 239 | 12.6 | 5.74 (1.9%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | ONDS dividend | |
| 3. | NVDA dividend | 8. | AAPL dividend | 3. | SOC dividend | |
| 4. | IBIT dividend | 9. | HYG dividend | 4. | HYMC dividend | |
| 5. | CORZ dividend | 10. | SPY dividend | 5. | QURE dividend | |
Want more examples? BILS Dividend | BIOA Dividend
