SNY Dividend

Sanofi - American Depositary Shares dividend

Although SNY has a dividend of 2.52 with an ex-dividend date of May 9, 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 Wed 11:15 AM ET):

Sanofi - American Depositary Shares (SNY)
Bid Ask Last Change Volume P/E Market Cap
54.80 54.82 54.82 +1.10 460K 11 12B

SNY Dividend-Like Income Using Covered Calls

With SNY at 54.82, 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% 1.64 0.5
5% 2.74 0.8
10% 5.48 1.5

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
May 16 55.00 0.55 17 3.2 0.18 (0.3%)
Sep 19 55.00 2.45 143 1.7 0.18 (0.3%)
5% Yield On SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 55.00 0.55 17 3.2 0.18 (0.3%)
Sep 19 55.00 2.45 143 1.7 0.18 (0.3%)
10% Yield On SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 55.00 0.55 17 3.2 0.18 (0.3%)
Sep 19 55.00 2.45 143 1.7 0.18 (0.3%)

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