BMY Dividend Type Payments

Bristol-Myers Squibb Co dividend

Although BMY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bristol-Myers Squibb Co to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:55 AM ET):

Bristol-Myers Squibb Co (BMY)
Bid Ask Last Change Volume P/E Market Cap
45.79 45.80 45.80 0.00 1.8M - 75B

BMY Dividend-Like Income Using Covered Calls

With BMY at 45.80, 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% 1.37 0.4
5% 2.29 0.6
10% 4.58 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 BMY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 26 50.00 0.05 9 0.6 4.20 (9.2%)
May 3 50.00 0.10 16 0.6 4.20 (9.2%)
5% Yield On BMY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 26 49.50 0.08 9 0.9 3.70 (8.1%)
May 3 49.00 0.18 16 1.1 3.20 (7.0%)
10% Yield On BMY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 26 48.50 0.15 9 1.7 2.70 (5.9%)
May 3 48.00 0.34 16 2.1 2.20 (4.8%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.COTY dividend 6.BAC dividend   1.SKX dividend
2.SPY dividend 7.QQQ dividend   2.CGC dividend
3.EEM dividend 8.EWZ dividend   3.CRON dividend
4.FXI dividend 9.XOP dividend   4.SNAP dividend
5.SPX dividend 10.XLF dividend   5.YETI dividend

Want more examples? BMTC Dividend | BNCL Dividend