BX Dividend Type Payments

BLACKSTONE GROUP dividend

Although BX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on BLACKSTONE GROUP 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):

BLACKSTONE GROUP (BX)
Bid Ask Last Change Volume P/E Market Cap
35.66 35.98 35.76 +0.77 3.0M 13 42B

BX Dividend-Like Income Using Covered Calls

With BX at 35.76, 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% 1.07 0.3
5% 1.79 0.5
10% 3.58 1.0

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 BX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 36.50 0.03 4 0.8 0.52 (1.5%)
Aug 24 37.00 0.04 11 0.4 1.02 (2.9%)
5% Yield On BX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 36.50 0.03 4 0.8 0.52 (1.5%)
Aug 24 36.50 0.13 11 1.2 0.52 (1.5%)
10% Yield On BX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 36.00 0.14 4 3.5 0.02 (0.1%)
Aug 24 36.50 0.13 11 1.2 0.52 (1.5%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
2.EEM dividend 7.AABA dividend   2.UVXY dividend
3.QQQ dividend 8.FXI dividend   3.JWN dividend
4.SPX dividend 9.FB dividend   4.CGC dividend
5.XLF dividend 10.GLD dividend   5.A dividend

Want more examples? BWZ Dividend | BXC Dividend