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
49.76	50.00	49.88	-0.15	1.2M	9.2	11B

SNY Dividend-Like Income Using Covered Calls

With SNY at 49.88, 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%	1.50	0.4
5%	2.49	0.7
10%	4.99	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
Dec 19	50.00	1.10	22	5.0	0.00 (0.0%)
Jan 16	50.00	1.90	50	3.8	0.00 (0.0%)

5% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	50.00	1.10	22	5.0	0.00 (0.0%)
Jan 16	50.00	1.90	50	3.8	0.00 (0.0%)

10% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	50.00	1.10	22	5.0	0.00 (0.0%)
Jan 16	50.00	1.90	50	3.8	0.00 (0.0%)

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5.	IBIT dividend	10.	FXI dividend	5.	IREN dividend

Want more examples? SNX Dividend | SO Dividend