RNR Dividend

Although RNR has a dividend of 0.34 with an ex-dividend date of Mar 14, you can sell covered calls on Renaissancere Holdings to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:45 AM ET):

Renaissancere Holdings (RNR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
144.85	144.99	144.85	-0.14	17K	30	6.1B

RNR Dividend-Like Income Using Covered Calls

With RNR at 144.85, 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%	4.35	1.2
5%	7.24	2.0
10%	14.49	4.0

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 RNR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 15	150.00	0.70	22	3.2	5.01 (3.5%)
Apr 18	155.00	1.00	56	1.8	10.01 (6.9%)

5% Yield On RNR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 15	150.00	0.70	22	3.2	5.01 (3.5%)
Apr 18	150.00	2.15	56	3.8	5.01 (3.5%)

10% Yield On RNR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 15	145.00	2.35	22	10.7	0.01 (0.0%)
Apr 18	145.00	4.20	56	7.5	0.01 (0.0%)

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Top 10 Open Interest For Mar 15 Expiration				Top 5 High Yield
1.	SPX dividend	6.	EWZ dividend	1.	CRON dividend
2.	EEM dividend	7.	GE dividend	2.	AMRN dividend
3.	SPY dividend	8.	LLY dividend	3.	PCG dividend
4.	QQQ dividend	9.	BAC dividend	4.	ROKU dividend
5.	FXI dividend	10.	GLD dividend	5.	FIT dividend

Want more examples? RNN Dividend | RNST Dividend