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 Fri 4:16 PM ET):

Sanofi - American Depositary Shares (SNY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
45.02	46.53	45.54	+0.47	13.2M	8.3	10B

SNY Dividend-Like Income Using Covered Calls

With SNY at 45.54, 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%	1.37	0.4
5%	2.28	0.6
10%	4.55	1.2

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 SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	47.50	0.35	22	1.6	0.97 (2.1%)
Dec 19	47.50	1.45	85	1.7	0.97 (2.1%)

5% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	47.50	0.35	22	1.6	0.97 (2.1%)
Dec 19	47.50	1.45	85	1.7	0.97 (2.1%)

10% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	47.50	0.35	22	1.6	0.97 (2.1%)
Dec 19	47.50	1.45	85	1.7	0.97 (2.1%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	SOC dividend
2.	SLV dividend	7.	EEM dividend	2.	ARCT dividend
3.	GLD dividend	8.	FXI dividend	3.	QBTS dividend
4.	IBIT dividend	9.	PCG dividend	4.	EOSE dividend
5.	SPY dividend	10.	QQQ dividend	5.	RGTI dividend

Want more examples? SNX Dividend | SO Dividend