BRP Dividend Type Payments
Although BRP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on BRP Group, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:20 PM ET):
BRP Group, Inc. - Class A (BRP) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
26.70 | 26.76 | 26.70 | 0.00 | 31K | - | 1.7B |
BRP Dividend-Like Income Using Covered Calls
With BRP at 26.70, 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% | 0.80 | 0.2 |
5% | 1.34 | 0.4 |
10% | 2.67 | 0.7 |
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 BRP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
May 17 | 30.00 | 0.05 | 19 | 0.3 | 3.24 (12.1%) | |
Sep 20 | 30.00 | 1.25 | 145 | 0.9 | 3.24 (12.1%) |
5% Yield On BRP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 20 | 30.00 | 1.25 | 145 | 0.9 | 3.24 (12.1%) | |
Dec 20 | 30.00 | 2.10 | 236 | 0.9 | 3.24 (12.1%) |
10% Yield On BRP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Sep 20 | 30.00 | 1.25 | 145 | 0.9 | 3.24 (12.1%) | |
Dec 20 | 30.00 | 2.10 | 236 | 0.9 | 3.24 (12.1%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | FSLY dividend | |
2. | HYG dividend | 7. | KWEB dividend | 2. | WOLF dividend | |
3. | QQQ dividend | 8. | TSLA dividend | 3. | ENVX dividend | |
4. | SPY dividend | 9. | SLV dividend | 4. | PENN dividend | |
5. | FXI dividend | 10. | EWZ dividend | 5. | PINS dividend |
Want more examples? BRO Dividend | BRX Dividend