BMS Dividend Type Payments

Bemis Co, Inc dividend

Although BMS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bemis Co, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Bemis Co, Inc (BMS)
Bid Ask Last Change Volume P/E Market Cap
49.97 52.97 52.96 +0.34 284K 43 4.8B

BMS Dividend-Like Income Using Covered Calls

With BMS at 52.96, 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% 1.59 0.4
5% 2.65 0.7
10% 5.30 1.5

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 BMS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 55.00 1.15 151 0.8 2.03 (3.8%)
5% Yield On BMS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 55.00 1.15 151 0.8 2.03 (3.8%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ROKU dividend
2.EEM dividend 7.GE dividend   2.IQ dividend
3.SPY dividend 8.BAC dividend   3.BHC dividend
4.QQQ dividend 9.XOP dividend   4.DBX dividend
5.FXI dividend 10.GLD dividend   5.VIPS dividend

Want more examples? BMRN Dividend | BMTC Dividend