SBGI Dividend Type Payments

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

Sinclair Broadcast Group, Inc. - Class A (SBGI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.02	14.60	13.84	-0.16	310K	16	0.6B

SBGI Dividend-Like Income Using Covered Calls

With SBGI at 13.84, 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%	0.42	0.1
5%	0.69	0.2
10%	1.38	0.4

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 SBGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	17.50	0.05	43	0.1	2.90 (21.0%)
Sep 19	15.00	0.15	15	1.0	0.40 (2.9%)

5% Yield On SBGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	15.00	0.15	15	1.0	0.40 (2.9%)
Dec 19	15.00	0.90	106	0.8	0.40 (2.9%)

10% Yield On SBGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	15.00	0.15	15	1.0	0.40 (2.9%)
Dec 19	15.00	0.90	106	0.8	0.40 (2.9%)

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Want more examples? SBCF Dividend | SBH Dividend