BR Dividend Type Payments

Broadridge Financial Solutions, Inc. dividend

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

Broadridge Financial Solutions, Inc. (BR)
Bid Ask Last Change Volume P/E Market Cap
220.00 245.00 236.19 +2.62 602K 35 27B

BR Dividend-Like Income Using Covered Calls

With BR at 236.19, 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% 7.09 1.9
5% 11.81 3.2
10% 23.62 6.5

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 BR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 250.00 7.30 136 5.4 5.00 (2.1%)
Dec 19 250.00 10.10 227 4.4 5.00 (2.1%)
5% Yield On BR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 250.00 7.30 136 5.4 5.00 (2.1%)
Dec 19 250.00 10.10 227 4.4 5.00 (2.1%)

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