BIO Dividend Type Payments
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 10:45 AM ET):
| Bio-Rad Laboratories, Inc. Class A (BIO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 325.32 | 327.45 | 326.38 | +3.38 | 25K | - | 8.7B |
BIO Dividend-Like Income Using Covered Calls
With BIO at 326.38, 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% | 9.79 | 2.7 |
| 5% | 16.32 | 4.5 |
| 10% | 32.64 | 8.9 |
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 | |
| Jun 18 | 330.00 | 24.00 | 157 | 15.3 | 2.55 (0.8%) | |
| Feb 20 | 330.00 | 9.00 | 39 | 23.1 | 2.55 (0.8%) | |
| 5% Yield On BIO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 330.00 | 24.00 | 157 | 15.3 | 2.55 (0.8%) | |
| Feb 20 | 330.00 | 9.00 | 39 | 23.1 | 2.55 (0.8%) | |
| 10% Yield On BIO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 18 | 330.00 | 24.00 | 157 | 15.3 | 2.55 (0.8%) | |
| Feb 20 | 330.00 | 9.00 | 39 | 23.1 | 2.55 (0.8%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | TVTX dividend | |
| 2. | IBIT dividend | 7. | SPY dividend | 2. | SOC dividend | |
| 3. | INTC dividend | 8. | NFLX dividend | 3. | BHVN dividend | |
| 4. | TLT dividend | 9. | QQQ dividend | 4. | AEVA dividend | |
| 5. | SLV dividend | 10. | GLD dividend | 5. | OKLO dividend | |
Want more examples? BILS Dividend | BIOA Dividend
