BLX Dividend Type Payments

Banco Latinoamericano de Comercio Exterior, S.A. dividend

Although BLX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Banco Latinoamericano de Comercio Exterior, S.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):

Banco Latinoamericano de Comercio Exterior, S.A. (BLX)
Bid Ask Last Change Volume P/E Market Cap
46.80 50.00 47.55 -0.76 170K 8.6 1.9B

BLX Dividend-Like Income Using Covered Calls

With BLX at 47.55, 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% 1.43 0.4
5% 2.38 0.7
10% 4.76 1.3

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 BLX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 0.80 99 0.8 0.00 (0.0%)
Mar 20 50.00 1.35 190 0.7 0.00 (0.0%)
5% Yield On BLX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 0.80 99 0.8 0.00 (0.0%)
Mar 20 50.00 1.35 190 0.7 0.00 (0.0%)

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Top 10 Open Interest For Sep 19 Expiration     Top 5 High Yield
1.NVDA dividend 6.QQQ dividend   1.ATYR dividend
2.SPY dividend 7.IBIT dividend   2.OPEN dividend
3.IWM dividend 8.SLV dividend   3.IONQ dividend
4.PCG dividend 9.TSLA dividend   4.QURE dividend
5.EEM dividend 10.FXI dividend   5.ARCT dividend

Want more examples? BLV Dividend | BMA Dividend