TBPH Dividend Type Payments

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

Theravance Biopharma, Inc. - Ordinary Shares (TBPH)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.00	14.93	14.75	-0.47	429K	63	0.8B

TBPH Dividend-Like Income Using Covered Calls

With TBPH at 14.75, 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%	0.44	0.1
5%	0.74	0.2
10%	1.48	0.4

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 TBPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	15.00	0.60	46	1.3	0.07 (0.5%)
Nov 21	15.00	0.30	18	1.7	0.07 (0.5%)

5% Yield On TBPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	15.00	0.60	46	1.3	0.07 (0.5%)
Nov 21	15.00	0.30	18	1.7	0.07 (0.5%)

10% Yield On TBPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	15.00	0.60	46	1.3	0.07 (0.5%)
Nov 21	15.00	0.30	18	1.7	0.07 (0.5%)

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

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	PINS dividend
2.	KVUE dividend	7.	TLT dividend	2.	UPST dividend
3.	NVDA dividend	8.	ASST dividend	3.	SMR dividend
4.	SLV dividend	9.	HYG dividend	4.	SMCI dividend
5.	GLD dividend	10.	EEM dividend	5.	TTD dividend

Want more examples? TBI Dividend | TBT Dividend