SQM Dividend Type Payments

Although SQM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sociedad Quimica y Minera S.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):

Sociedad Quimica y Minera S.A. (SQM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
64.32	65.72	64.32	+1.12	1.0M	38	21B

SQM Dividend-Like Income Using Covered Calls

With SQM at 64.32, 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%	1.93	0.5
5%	3.22	0.9
10%	6.43	1.8

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 SQM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	67.50	1.60	22	7.3	1.78 (2.8%)
Jan 16	67.50	1.80	50	3.6	1.78 (2.8%)

5% Yield On SQM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	67.50	1.60	22	7.3	1.78 (2.8%)
Jan 16	67.50	1.80	50	3.6	1.78 (2.8%)

10% Yield On SQM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	67.50	1.60	22	7.3	1.78 (2.8%)
Jan 16	67.50	1.80	50	3.6	1.78 (2.8%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	RZLT dividend
2.	IWM dividend	7.	GLD dividend	2.	IMNM dividend
3.	SPY dividend	8.	SLV dividend	3.	VTYX dividend
4.	QQQ dividend	9.	TLT dividend	4.	PATH dividend
5.	IBIT dividend	10.	FXI dividend	5.	IREN dividend

Want more examples? SQEW Dividend | SQNS Dividend