BVN Dividend Type Payments

Buenaventura Mining Company Inc. dividend

Although BVN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Buenaventura Mining Company Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Buenaventura Mining Company Inc. (BVN)
Bid Ask Last Change Volume P/E Market Cap
21.21 23.01 22.37 +0.67 592K 13 5.5B

BVN Dividend-Like Income Using Covered Calls

With BVN at 22.37, 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% 0.67 0.2
5% 1.12 0.3
10% 2.24 0.6

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 BVN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 27.00 0.10 43 0.2 3.99 (17.8%)
Jan 16 25.00 0.75 71 1.1 1.99 (8.9%)
5% Yield On BVN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 25.00 0.75 71 1.1 1.99 (8.9%)
Mar 20 23.00 0.45 134 0.3 0.00 (0.0%)
10% Yield On BVN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 25.00 0.75 71 1.1 1.99 (8.9%)

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