BIO Dividend Type Payments

Bio-Rad Laboratories, Inc dividend

Although BIO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bio-Rad Laboratories, Inc 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):

Bio-Rad Laboratories, Inc (BIO)
Bid Ask Last Change Volume P/E Market Cap
291.00 350.00 311.62 -3.56 87K 17 9.4B

BIO Dividend-Like Income Using Covered Calls

With BIO at 311.62, 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% 9.35 2.6
5% 15.58 4.3
10% 31.16 8.5

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
Aug 16 360.00 0.85 26 3.3 10.00 (3.2%)
Sep 20 350.00 2.40 61 3.9 0.00 (0.0%)
5% Yield On BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 350.00 1.60 26 6.2 0.00 (0.0%)
Dec 20 350.00 8.10 152 5.3 0.00 (0.0%)

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Top 10 Open Interest For Aug 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.SNAP dividend
2.FXI dividend 7.NIO dividend   2.TWTR dividend
3.EEM dividend 8.BAC dividend   3.S dividend
4.SPX dividend 9.IWM dividend   4.ITCI dividend
5.GDX dividend 10.GLD dividend   5.TSLA dividend

Want more examples? BIL Dividend | BIOS Dividend