SIFY Dividend Type Payments

Sify Technologies Limited - American Depository Shares, each represented dividend

Although SIFY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sify Technologies Limited - American Depository Shares, each represented to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:10 PM ET):

Sify Technologies Limited - American Depository Shares, each represented (SIFY)
Bid Ask Last Change Volume P/E Market Cap
4.32 4.41 4.43 +0.17 12K - 0.0B

SIFY Dividend-Like Income Using Covered Calls

With SIFY at 4.43, 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% 0.13 0.0
5% 0.22 0.1
10% 0.44 0.1

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 5.00 0.50 123 0.4 0.59 (13.3%)
Jul 18 5.00 0.05 32 0.2 0.59 (13.3%)
5% Yield On SIFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 5.00 0.50 123 0.4 0.59 (13.3%)
Jul 18 5.00 0.05 32 0.2 0.59 (13.3%)
10% Yield On SIFY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 5.00 0.50 123 0.4 0.59 (13.3%)
Jul 18 5.00 0.05 32 0.2 0.59 (13.3%)

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