BLX Dividend Type Payments
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 |
| 37.00 | 42.00 | 39.41 | +0.78 | 81K | - | 1.5B |
BLX Dividend-Like Income Using Covered Calls
With BLX at 39.41, 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% | 1.18 | 0.3 |
| 5% | 1.97 | 0.5 |
| 10% | 3.94 | 1.1 |
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:
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | CVI dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | PTON dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | PINS dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | UPST dividend | |
Want more examples? BLV Dividend | BMA Dividend
