SBRA Dividend Type Payments

Although SBRA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sabra Health Care REIT, Inc. 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):

Sabra Health Care REIT, Inc. (SBRA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.75	19.20	19.08	+0.08	1.6M	25	4.6B

SBRA Dividend-Like Income Using Covered Calls

With SBRA at 19.08, 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%	0.57	0.2
5%	0.95	0.3
10%	1.91	0.5

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 SBRA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	20.00	0.15	44	0.3	0.80 (4.2%)
Jan 16	20.00	0.30	135	0.2	0.80 (4.2%)

5% Yield On SBRA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	20.00	0.15	44	0.3	0.80 (4.2%)
Apr 17	20.00	0.65	226	0.3	0.80 (4.2%)

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Want more examples? SBND Dividend | SBS Dividend