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 Wed 11:25 AM ET):
| Theravance Biopharma, Inc. - Ordinary Shares (TBPH) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.70 | 18.74 | 18.72 | +0.15 | 88K | 33 | 0.9B |
TBPH Dividend-Like Income Using Covered Calls
With TBPH at 18.72, 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% | 0.56 | 0.2 |
| 5% | 0.94 | 0.3 |
| 10% | 1.87 | 0.5 |
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 TBPH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 20.00 | 1.80 | 177 | 1.0 | 1.26 (6.7%) | |
| Dec 18 | 20.00 | 1.50 | 360 | 0.4 | 1.26 (6.7%) | |
| 5% Yield On TBPH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 20.00 | 1.80 | 177 | 1.0 | 1.26 (6.7%) | |
| Dec 18 | 20.00 | 1.50 | 360 | 0.4 | 1.26 (6.7%) | |
| 10% Yield On TBPH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 20.00 | 1.80 | 177 | 1.0 | 1.26 (6.7%) | |
| Mar 20 | 20.00 | 0.70 | 87 | 0.8 | 1.26 (6.7%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | DAWN dividend | |
| 2. | INTC dividend | 7. | GLD dividend | 2. | RARE dividend | |
| 3. | TLT dividend | 8. | NIO dividend | 3. | ONDS dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | QBTS dividend | |
| 5. | AAPL dividend | 10. | SPY dividend | 5. | SOC dividend | |
Want more examples? TBI Dividend | TBT Dividend
