SNY Dividend Type Payments
Although SNY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sanofi - American Depositary 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):
| Sanofi - American Depositary Shares (SNY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 48.06 | 49.20 | 48.05 | +1.30 | 2.9M | 8.6 | 10B |
SNY Dividend-Like Income Using Covered Calls
With SNY at 48.05, 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% | 1.44 | 0.4 |
| 5% | 2.40 | 0.7 |
| 10% | 4.81 | 1.3 |
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 SNY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 50.00 | 0.35 | 12 | 2.9 | 0.80 (1.7%) | |
| Sep 19 | 50.00 | 0.80 | 47 | 1.7 | 0.80 (1.7%) | |
| 5% Yield On SNY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 50.00 | 0.35 | 12 | 2.9 | 0.80 (1.7%) | |
| Sep 19 | 50.00 | 0.80 | 47 | 1.7 | 0.80 (1.7%) | |
| 10% Yield On SNY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 50.00 | 0.35 | 12 | 2.9 | 0.80 (1.7%) | |
| Sep 19 | 50.00 | 0.80 | 47 | 1.7 | 0.80 (1.7%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | HIMS dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | UPST dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | APP dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | AAOI dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | LYFT dividend | |
Want more examples? SNX Dividend | SO Dividend
