REGN Dividend Type Payments

REGENERON PHARMACEUTICALS dividend

Although REGN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on REGENERON PHARMACEUTICALS 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):

REGENERON PHARMACEUTICALS (REGN)
Bid Ask Last Change Volume P/E Market Cap
371.00 379.83 374.80 +0.54 479K 25 40B

REGN Dividend-Like Income Using Covered Calls

With REGN at 374.80, 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% 11.24 3.1
5% 18.74 5.1
10% 37.48 10.3

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 REGN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 392.50 0.20 5 4.0 12.67 (3.4%)
Aug 31 400.00 0.50 12 4.2 20.17 (5.4%)
5% Yield On REGN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 390.00 0.35 5 7.0 10.17 (2.7%)
Aug 31 395.00 0.70 12 5.8 15.17 (4.0%)
10% Yield On REGN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 387.50 0.55 5 11.0 7.67 (2.0%)
Aug 31 390.00 1.50 12 12.5 10.17 (2.7%)

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