SBAC Dividend Type Payments

Although SBAC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SBA Communications Corporation - Class A 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):

SBA Communications Corporation - Class A (SBAC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
185.00	197.13	195.02	-0.23	1.0M	25	21B

SBAC Dividend-Like Income Using Covered Calls

With SBAC at 195.02, 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%	5.85	1.6
5%	9.75	2.7
10%	19.50	5.3

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 SBAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	200.00	2.05	29	7.1	2.87 (1.5%)
Jan 16	200.00	4.40	57	7.7	2.87 (1.5%)

5% Yield On SBAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	200.00	2.05	29	7.1	2.87 (1.5%)
Jan 16	200.00	4.40	57	7.7	2.87 (1.5%)

10% Yield On SBAC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	200.00	2.05	29	7.1	2.87 (1.5%)
Jan 16	200.00	4.40	57	7.7	2.87 (1.5%)

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Want more examples? SB Dividend | SBB Dividend