SNY Dividend Type Payments

Sanofi - American Depositary Shares dividend

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 Fri 4:16 PM ET):

Sanofi - American Depositary Shares (SNY)
Bid Ask Last Change Volume P/E Market Cap
49.20 52.00 49.67 -1.16 2.3M 9.3 11B

SNY Dividend-Like Income Using Covered Calls

With SNY at 49.67, 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% 1.49 0.4
5% 2.48 0.7
10% 4.97 1.4

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 SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 52.50 0.85 64 1.3 0.50 (1.0%)
Jul 18 52.50 0.45 36 1.3 0.50 (1.0%)
5% Yield On SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 52.50 0.85 64 1.3 0.50 (1.0%)
Jul 18 52.50 0.45 36 1.3 0.50 (1.0%)

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