SB Dividend Type Payments

Safe Bulkers, Inc ($0.001 par value) dividend

Although SB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Safe Bulkers, Inc ($0.001 par value) 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):

Safe Bulkers, Inc ($0.001 par value) (SB)
Bid Ask Last Change Volume P/E Market Cap
4.53 4.56 4.55 +0.07 271K 6.7 0.5B

SB Dividend-Like Income Using Covered Calls

With SB at 4.55, 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% 0.14 0.0
5% 0.23 0.1
10% 0.46 0.1

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 SB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 5.00 0.10 127 0.1 0.44 (9.7%)
Apr 17 5.00 0.20 218 0.1 0.44 (9.7%)
5% Yield On SB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 5.00 0.10 127 0.1 0.44 (9.7%)
Apr 17 5.00 0.20 218 0.1 0.44 (9.7%)

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