SIFY Dividend Type Payments

Sify Technologies Limited - American Depository Shares dividend

Although SIFY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sify Technologies Limited - American Depository Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Sify Technologies Limited - American Depository Shares (SIFY)
Bid Ask Last Change Volume P/E Market Cap
6.54 6.77 6.67 +0.01 79K - 0.0B

SIFY Dividend-Like Income Using Covered Calls

With SIFY at 6.67, 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% 0.20 0.1
5% 0.33 0.1
10% 0.67 0.2

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 SIFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 10.00 0.05 75 0.1 3.23 (48.4%)
Sep 19 7.50 0.30 47 0.6 0.73 (10.9%)
5% Yield On SIFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 7.50 0.55 75 0.7 0.73 (10.9%)
Sep 19 7.50 0.30 47 0.6 0.73 (10.9%)
10% Yield On SIFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 7.50 0.55 75 0.7 0.73 (10.9%)
Sep 19 7.50 0.30 47 0.6 0.73 (10.9%)

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