SBAC Dividend Type Payments

SBA Communications Corporation - Class A dividend

Although SBAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SBA Communications Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

SBA Communications Corporation - Class A (SBAC)
Bid Ask Last Change Volume P/E Market Cap
230.00 244.99 233.93 -3.66 494K 31 26B

SBAC Dividend-Like Income Using Covered Calls

With SBAC at 233.93, 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% 7.02 1.9
5% 11.70 3.2
10% 23.39 6.4

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
Sep 19 250.00 1.60 79 2.0 5.01 (2.1%)
Dec 19 250.00 7.40 170 4.4 5.01 (2.1%)
5% Yield On SBAC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 250.00 7.40 170 4.4 5.01 (2.1%)

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