STE Dividend Type Payments

Steris Plc dividend

Although STE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Steris Plc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:50 PM ET):

Steris Plc (STE)
Bid Ask Last Change Volume P/E Market Cap
115.23 115.33 115.29 +0.19 203K - 0.0B

STE Dividend-Like Income Using Covered Calls

With STE at 115.29, here's a table showing how big the annual "dividend" (ie. 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% 3.46 0.9
5% 5.76 1.6
10% 11.53 3.2

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 STE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 120.00 0.95 39 2.4 4.67 (4.1%)
Mar 15 120.00 2.40 95 2.5 4.67 (4.1%)
5% Yield On STE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 120.00 0.95 39 2.4 4.67 (4.1%)
Mar 15 120.00 2.40 95 2.5 4.67 (4.1%)
10% Yield On STE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 115.00 2.90 39 6.6 0.00 (0.0%)
Mar 15 115.00 4.70 95 4.6 0.00 (0.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.DUST dividend 6.NSSC dividend   1. dividend
2.NOVT dividend 7.MOD dividend   2. dividend
3.MMS dividend 8.VV dividend   3. dividend
4.VSI dividend 9.EC dividend   4. dividend
5.DXJS dividend 10.NTWK dividend   5. dividend

Want more examples? STCN Dividend | STFC Dividend