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 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 (BIO) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
228.00 | 300.00 | 270.34 | +8.92 | 256K | 6.2 | 7.8B |
BIO Dividend-Like Income Using Covered Calls
With BIO at 270.34, 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% | 8.11 | 2.2 |
5% | 13.52 | 3.7 |
10% | 27.03 | 7.4 |
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 | |
Mar 15 | 300.00 | 0.70 | 29 | 2.4 | 0.00 (0.0%) | |
Jun 21 | 310.00 | 3.60 | 127 | 2.8 | 10.00 (3.7%) |
5% Yield On BIO Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jun 21 | 300.00 | 5.70 | 127 | 4.5 | 0.00 (0.0%) | |
Sep 20 | 300.00 | 10.50 | 218 | 4.8 | 0.00 (0.0%) |
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Top 10 Open Interest For Mar 15 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | SPX dividend | 6. | EWZ dividend | 1. | ICPT dividend | |
2. | EEM dividend | 7. | GE dividend | 2. | ROKU dividend | |
3. | SPY dividend | 8. | XOP dividend | 3. | KPTI dividend | |
4. | FXI dividend | 9. | BAC dividend | 4. | BHC dividend | |
5. | QQQ dividend | 10. | JD dividend | 5. | VKTX dividend |
Want more examples? BIL Dividend | BIOS Dividend