SLF Dividend

Although SLF has a dividend of 0.60 with an ex-dividend date of Nov 27, you can sell covered calls on Sun Life Financial Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:20 PM ET):

Sun Life Financial Inc. (SLF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
58.59	58.61	58.59	+0.82	329K	13	35B

SLF Dividend-Like Income Using Covered Calls

With SLF at 58.59, 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%	1.76	0.5
5%	2.93	0.8
10%	5.86	1.6

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 SLF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	60.00	0.10	10	1.0	1.39 (2.4%)

5% Yield On SLF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	60.00	0.10	10	1.0	1.39 (2.4%)

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Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
1.	FXI dividend	6.	EEM dividend	1.	WOLF dividend
2.	NVDA dividend	7.	TLT dividend	2.	UPST dividend
3.	SLV dividend	8.	TSLA dividend	3.	IOVA dividend
4.	SPY dividend	9.	EWZ dividend	4.	PINS dividend
5.	IWM dividend	10.	QQQ dividend	5.	FSLY dividend

Want more examples? SLDR Dividend | SLG Dividend