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 Wed 4:16 PM ET):

Bio-Rad Laboratories, Inc. Class A (BIO)
Bid Ask Last Change Volume P/E Market Cap
284.95 324.55 305.85 +0.80 142K 26 8.3B

BIO Dividend-Like Income Using Covered Calls

With BIO at 305.85, 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% 9.18 2.5
5% 15.29 4.2
10% 30.59 8.4

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 BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 330.00 5.10 66 7.7 5.45 (1.8%)
Nov 21 330.00 2.10 38 5.5 5.45 (1.8%)
5% Yield On BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 330.00 5.10 66 7.7 5.45 (1.8%)
Nov 21 330.00 2.10 38 5.5 5.45 (1.8%)
10% Yield On BIO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 20 330.00 15.30 157 9.7 5.45 (1.8%)

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