BIO Dividend Type Payments

Bio-Rad Laboratories, Inc. Class A dividend

Although BIO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bio-Rad Laboratories, Inc. Class A 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):

Bio-Rad Laboratories, Inc. Class A (BIO)
Bid Ask Last Change Volume P/E Market Cap
247.95 269.00 250.73 +3.67 256K - 6.7B

BIO Dividend-Like Income Using Covered Calls

With BIO at 250.73, 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% 7.52 2.1
5% 12.54 3.4
10% 25.07 6.9

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 BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 270.00 3.70 74 5.0 1.00 (0.4%)
Dec 19 270.00 13.00 165 7.9 1.00 (0.4%)
5% Yield On BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 270.00 3.70 74 5.0 1.00 (0.4%)
Dec 19 270.00 13.00 165 7.9 1.00 (0.4%)
10% Yield On BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 270.00 13.00 165 7.9 1.00 (0.4%)

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