TBPH Dividend Type Payments

Although TBPH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Theravance Biopharma, Inc. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:05 PM ET):

Theravance Biopharma, Inc. - Ordinary Shares (TBPH)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
17.88	17.90	17.88	-0.29	158K	32	0.9B

TBPH Dividend-Like Income Using Covered Calls

With TBPH at 17.88, 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%	0.54	0.1
5%	0.89	0.2
10%	1.79	0.5

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 TBPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	20.00	0.05	33	0.2	2.10 (11.7%)
Dec 18	20.00	1.50	369	0.4	2.10 (11.7%)

5% Yield On TBPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 18	20.00	1.50	369	0.4	2.10 (11.7%)
Mar 20	20.00	2.25	96	2.3	2.10 (11.7%)

10% Yield On TBPH Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	20.00	2.25	96	2.3	2.10 (11.7%)

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Want more examples? TBI Dividend | TBT Dividend