ITUB Dividend Type Payments

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 dividend

Although ITUB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:35 AM ET):

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 (ITUB)
Bid Ask Last Change Volume P/E Market Cap
6.68 6.69 6.69 -0.10 504K 9.3 131B

ITUB Dividend-Like Income Using Covered Calls

With ITUB at 6.69, 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% 0.20 0.1
5% 0.33 0.1
10% 0.67 0.2

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 Jul 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.TSLA dividend   1.COGT dividend
2.SLV dividend 7.IWM dividend   2.ALT dividend
3.SPY dividend 8.AAPL dividend   3.CELC dividend
4.GLD dividend 9.FXI dividend   4.OSCR dividend
5.TLT dividend 10.QQQ dividend   5.WULF dividend

Want more examples? ITT Dividend | ITW Dividend