BSRR Dividend Type Payments

Sierra Bancorp dividend

Although BSRR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sierra Bancorp 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):

Sierra Bancorp (BSRR)
Bid Ask Last Change Volume P/E Market Cap
24.20 24.20 24.20 +0.52 17K 12 0.4B

BSRR Dividend-Like Income Using Covered Calls

With BSRR at 24.20, 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% 0.73 0.2
5% 1.21 0.3
10% 2.42 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:

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Top 10 Open Interest For Apr 18 Expiration     Top 5 High Yield
1.SPY dividend 6.USO dividend   1.LULU dividend
2.EEM dividend 7.AAPL dividend   2.NBEV dividend
3.SPX dividend 8.BMY dividend   3.BB dividend
4.QQQ dividend 9.EWZ dividend   4.SPWR dividend
5.FXI dividend 10.IWM dividend   5.ROKU dividend

Want more examples? BSQR Dividend | BSTI Dividend