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 10:55 AM ET):

Bio-Rad Laboratories, Inc. Class A (BIO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
238.57	240.39	240.12	-0.90	68K	-	6.6B

BIO Dividend-Like Income Using Covered Calls

With BIO at 240.12, 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%	7.20	2.0
5%	12.01	3.3
10%	24.01	6.6

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
May 16	240.00	2.90	8	31.4	0.00 (0.0%)
Sep 19	240.00	21.00	134	15.4	0.00 (0.0%)

5% Yield On BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	240.00	2.90	8	31.4	0.00 (0.0%)
Sep 19	240.00	21.00	134	15.4	0.00 (0.0%)

10% Yield On BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	240.00	2.90	8	31.4	0.00 (0.0%)
Sep 19	240.00	21.00	134	15.4	0.00 (0.0%)

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Want more examples? BILS Dividend | BIOA Dividend