VIVO Dividend Type Payments

Meridian Bioscience, Inc dividend

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

Meridian Bioscience, Inc (VIVO)
Bid Ask Last Change Volume P/E Market Cap
11.49 11.57 11.52 +0.05 139K 18 0.5B

VIVO Dividend-Like Income Using Covered Calls

With VIVO at 11.52, 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% 0.35 0.1
5% 0.58 0.2
10% 1.15 0.3

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 VIVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 12.50 0.15 31 0.5 0.93 (8.1%)
Jan 17 12.50 0.75 185 0.4 0.93 (8.1%)
5% Yield On VIVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 12.50 0.15 31 0.5 0.93 (8.1%)
Jan 17 12.50 0.75 185 0.4 0.93 (8.1%)
10% Yield On VIVO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 12.50 0.15 31 0.5 0.93 (8.1%)
Jan 17 12.50 0.75 185 0.4 0.93 (8.1%)

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Want more examples? VIVE Dividend | VIX Dividend