BW Dividend Type Payments

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

Babcock & Wilcox Enterprises, Inc. (BW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
1.00	1.05	1.04	0.00	490K	-	0.1B

BW Dividend-Like Income Using Covered Calls

With BW at 1.04, 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%	0.03	0.0
5%	0.05	0.0
10%	0.10	0.0

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 BW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	1.50	0.05	54	0.1	0.45 (43.3%)
Nov 21	2.00	0.05	117	0.0	0.95 (91.3%)

5% Yield On BW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	1.50	0.05	54	0.1	0.45 (43.3%)
Nov 21	2.00	0.05	117	0.0	0.95 (91.3%)

10% Yield On BW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	1.50	0.05	54	0.1	0.45 (43.3%)
Nov 21	2.00	0.05	117	0.0	0.95 (91.3%)

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