BSAC Dividend Type Payments
Although BSAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Banco Santander - Chile ADS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Banco Santander - Chile ADS (BSAC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 29.52 | 35.00 | 29.90 | +0.20 | 251K | 4950 | 7.3B |
BSAC Dividend-Like Income Using Covered Calls
With BSAC at 29.90, 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% | 0.90 | 0.2 |
| 5% | 1.50 | 0.4 |
| 10% | 2.99 | 0.8 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | TLT dividend | 1. | CRCL dividend | |
| 2. | NVDA dividend | 7. | ASST dividend | 2. | WULF dividend | |
| 3. | KVUE dividend | 8. | SPY dividend | 3. | BE dividend | |
| 4. | SLV dividend | 9. | INTC dividend | 4. | SERV dividend | |
| 5. | GLD dividend | 10. | HYG dividend | 5. | OKLO dividend | |
Want more examples? BRZU Dividend | BSBR Dividend
