SNY Dividend Type Payments

Although SNY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sanofi - American Depositary Shares 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):

Sanofi - American Depositary Shares (SNY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
46.20	46.46	46.18	+0.44	3.0M	8.4	10B

SNY Dividend-Like Income Using Covered Calls

With SNY at 46.18, 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%	1.39	0.4
5%	2.31	0.6
10%	4.62	1.3

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 SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	47.50	2.20	149	1.5	1.04 (2.3%)
Sep 18	47.50	2.25	241	0.9	1.04 (2.3%)

5% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	47.50	2.20	149	1.5	1.04 (2.3%)
Sep 18	47.50	2.25	241	0.9	1.04 (2.3%)

10% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	47.50	2.20	149	1.5	1.04 (2.3%)
Feb 20	47.50	0.95	31	3.1	1.04 (2.3%)

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Want more examples? SNX Dividend | SO Dividend