CIB Dividend Type Payments

Grupo Cibest S.A. American Depositary Shares each representing four Pref dividend

Although CIB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Grupo Cibest S.A. American Depositary Shares each representing four Pref 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):

Grupo Cibest S.A. American Depositary Shares each representing four Pref (CIB)
Bid Ask Last Change Volume P/E Market Cap
42.11 44.20 43.21 +1.10 413K 24 22B

CIB Dividend-Like Income Using Covered Calls

With CIB at 43.21, 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% 1.30 0.4
5% 2.16 0.6
10% 4.32 1.2

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 CIB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 45.00 0.45 31 1.5 0.80 (1.9%)
Sep 19 50.00 0.35 94 0.4 5.80 (13.4%)
5% Yield On CIB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 45.00 0.45 31 1.5 0.80 (1.9%)
Dec 19 45.00 2.65 185 1.4 0.80 (1.9%)
10% Yield On CIB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 45.00 0.45 31 1.5 0.80 (1.9%)
Dec 19 45.00 2.65 185 1.4 0.80 (1.9%)

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