BMA Dividend Type Payments
Although BMA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Banco Macro S.A. ADR (representing Ten Class B Common Shares) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Banco Macro S.A. ADR (representing Ten Class B Common Shares) (BMA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 46.51 | 51.44 | 48.31 | +0.22 | 182K | - | 32B |
BMA Dividend-Like Income Using Covered Calls
With BMA at 48.31, 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% | 1.45 | 0.4 |
| 5% | 2.42 | 0.7 |
| 10% | 4.83 | 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 BMA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 55.00 | 0.75 | 30 | 2.5 | 3.56 (7.4%) | |
| Jun 21 | 55.00 | 0.30 | 65 | 0.5 | 3.56 (7.4%) | |
| 5% Yield On BMA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 55.00 | 0.75 | 30 | 2.5 | 3.56 (7.4%) | |
| Jul 19 | 55.00 | 2.70 | 93 | 2.9 | 3.56 (7.4%) | |
| 10% Yield On BMA Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 17 | 55.00 | 0.75 | 30 | 2.5 | 3.56 (7.4%) | |
| Jul 19 | 55.00 | 2.70 | 93 | 2.9 | 3.56 (7.4%) | |
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| Top 10 Open Interest For Apr 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | TLT dividend | 1. | VNDA dividend | |
| 2. | IWM dividend | 7. | AAPL dividend | 2. | CVNA dividend | |
| 3. | QQQ dividend | 8. | FXI dividend | 3. | DJT dividend | |
| 4. | TSLA dividend | 9. | HYG dividend | 4. | MPW dividend | |
| 5. | SLV dividend | 10. | NVDA dividend | 5. | UPST dividend | |
Want more examples? BLX Dividend | BMED Dividend
