BAM Dividend Type Payments

Brookfield Asset Management Inc Class A Limited Voting Shares dividend

Although BAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Brookfield Asset Management Inc Class A Limited Voting Shares 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):

Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
Bid Ask Last Change Volume P/E Market Cap
51.56 53.33 51.70 -1.46 2.0M - 86B

BAM Dividend-Like Income Using Covered Calls

With BAM at 51.70, 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% 1.55 0.4
5% 2.59 0.7
10% 5.17 1.4

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 BAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 55.00 0.05 3 1.7 1.67 (3.2%)
Jan 16 55.00 0.35 31 1.1 1.67 (3.2%)
5% Yield On BAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 55.00 0.05 3 1.7 1.67 (3.2%)
Jan 16 55.00 0.35 31 1.1 1.67 (3.2%)
10% Yield On BAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 55.00 0.05 3 1.7 1.67 (3.2%)
Apr 17 55.00 2.30 122 1.9 1.67 (3.2%)

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Want more examples? BALT Dividend | BANC Dividend