BLL Dividend Type Payments

Ball Corp dividend

Although BLL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ball Corp 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):

Ball Corp (BLL)
Bid Ask Last Change Volume P/E Market Cap
69.18 72.11 70.70 -0.20 2.0M 55 24B

BLL Dividend-Like Income Using Covered Calls

With BLL at 70.70, 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% 2.12 0.6
5% 3.54 1.0
10% 7.07 1.9

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 BLL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 75.00 0.45 29 1.6 2.89 (4.1%)
Nov 15 80.00 0.70 120 0.6 7.89 (11.2%)
5% Yield On BLL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 75.00 0.45 29 1.6 2.89 (4.1%)
Nov 15 75.00 1.80 120 1.5 2.89 (4.1%)
10% Yield On BLL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 72.50 1.15 29 4.0 0.39 (0.6%)
Nov 15 72.50 2.75 120 2.3 0.39 (0.6%)

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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.HAL dividend
3.EEM dividend 8.BAC dividend   3.ITCI dividend
4.SPX dividend 9.GLD dividend   4.TWTR dividend
5.GDX dividend 10.EWZ dividend   5.CRWD dividend

Want more examples? BLKB Dividend | BLMN Dividend