BRSS Dividend Type Payments

GLOBAL BRASS & COPPER HOLDIN dividend

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

GLOBAL BRASS & COPPER HOLDIN (BRSS)
Bid Ask Last Change Volume P/E Market Cap
29.35 36.00 32.39 -0.29 122K 13 0.7B

BRSS Dividend-Like Income Using Covered Calls

With BRSS at 32.39, 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% 0.97 0.3
5% 1.62 0.4
10% 3.24 0.9

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 BRSS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 40.00 0.25 92 0.3 4.00 (12.3%)

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