SUI Dividend Type Payments

Sun Communities, Inc. dividend

Although SUI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sun Communities, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Sun Communities, Inc. (SUI)
Bid Ask Last Change Volume P/E Market Cap
117.29 133.12 125.84 +1.54 1.2M 211 16B

SUI Dividend-Like Income Using Covered Calls

With SUI at 125.84, 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% 3.78 1.0
5% 6.29 1.7
10% 12.58 3.4

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 SUI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 135.00 1.55 138 1.1 1.88 (1.5%)
Mar 20 135.00 4.20 229 1.8 1.88 (1.5%)
5% Yield On SUI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 135.00 4.20 229 1.8 1.88 (1.5%)

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Want more examples? SUB Dividend | SUN Dividend