PBR Dividend Type Payments

Although PBR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Petroleo Brasileiro S.A.- Petrobras to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:20 PM ET):

Petroleo Brasileiro S.A.- Petrobras (PBR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
13.78	13.79	13.78	+0.16	15.7M	-	59B

PBR Dividend-Like Income Using Covered Calls

With PBR at 13.78, 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%	0.41	0.1
5%	0.69	0.2
10%	1.38	0.4

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 PBR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	14.00	0.24	25	1.0	0.21 (1.5%)
Dec 13	14.50	0.11	32	0.3	0.71 (5.2%)

5% Yield On PBR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	14.00	0.24	25	1.0	0.21 (1.5%)
Dec 13	14.50	0.11	32	0.3	0.71 (5.2%)

10% Yield On PBR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	14.00	0.24	25	1.0	0.21 (1.5%)
Nov 15	14.00	0.08	4	2.0	0.21 (1.5%)

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Want more examples? PBPB Dividend | PBR.A Dividend