FGEN Dividend Type Payments

Although FGEN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on FIBROGEN to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:10 PM ET):

FIBROGEN (FGEN)
Bid Ask Last Change Volume P/E Market Cap
60.65 60.80 60.70 +1.40 138K - 5.0B

FGEN Dividend-Like Income Using Covered Calls

With FGEN at 60.70, 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% 1.82 0.5
5% 3.04 0.8
10% 6.07 1.7

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 FGEN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 65.00 0.85 32 2.7 4.20 (6.9%)
Oct 19 75.00 0.40 60 0.7 14.20 (23.4%)
5% Yield On FGEN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 65.00 0.85 32 2.7 4.20 (6.9%)
Oct 19 70.00 1.10 60 1.8 9.20 (15.2%)
10% Yield On FGEN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 65.00 0.85 32 2.7 4.20 (6.9%)
Oct 19 70.00 1.10 60 1.8 9.20 (15.2%)

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Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.SPY dividend 6.GE dividend   1.MOMO dividend
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3.SPX dividend 8.FB dividend   3.GPS dividend
4.QQQ dividend 9.IWM dividend   4.GERN dividend
5.XLF dividend 10.GDX dividend   5.AKRX dividend

Want more examples? FGD Dividend | FGP Dividend