SBAC Dividend Type Payments

Although SBAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SBA COMMUNICATIONS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:30 AM ET):

SBA COMMUNICATIONS (SBAC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
154.96	155.03	155.00	-0.20	174K	621	18B

SBAC Dividend-Like Income Using Covered Calls

With SBAC at 155.00, 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%	4.65	1.3
5%	7.75	2.1
10%	15.50	4.2

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:

3% Yield On SBAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 17	155.00	0.95	4	23.0	0.00 (0.0%)
Sep 21	160.00	1.25	39	3.2	4.97 (3.2%)

5% Yield On SBAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 17	155.00	0.95	4	23.0	0.00 (0.0%)
Sep 21	160.00	1.25	39	3.2	4.97 (3.2%)

10% Yield On SBAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 17	155.00	0.95	4	23.0	0.00 (0.0%)
Sep 21	155.00	3.30	39	8.4	0.00 (0.0%)

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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.	DBD dividend
3.	QQQ dividend	8.	FXI dividend	3.	UVXY dividend
4.	SPX dividend	9.	FB dividend	4.	CGC dividend
5.	XLF dividend	10.	GLD dividend	5.	GDS dividend

Want more examples? SB Dividend | SBB Dividend