ITUB Dividend Type Payments

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 dividend

Although ITUB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 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):

Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 5 (ITUB)
Bid Ask Last Change Volume P/E Market Cap
6.83 6.88 6.87 +0.01 25.2M 9.0 133B

ITUB Dividend-Like Income Using Covered Calls

With ITUB at 6.87, 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% 0.21 0.1
5% 0.34 0.1
10% 0.69 0.2

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 ITUB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 7.00 0.15 94 0.2 0.12 (1.7%)
5% Yield On ITUB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 7.00 0.15 94 0.2 0.12 (1.7%)

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