TBPH Dividend Type Payments

Theravance Biopharma, Inc. - Ordinary Shares dividend

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 Fri 4:16 PM ET):

Theravance Biopharma, Inc. - Ordinary Shares (TBPH)
Bid Ask Last Change Volume P/E Market Cap
16.00 18.00 17.39 -0.56 469K 32 0.9B

TBPH Dividend-Like Income Using Covered Calls

With TBPH at 17.39, 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% 0.52 0.1
5% 0.87 0.2
10% 1.74 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
Dec 18 20.00 1.00 400 0.3 2.00 (11.5%)
Mar 20 22.50 0.45 127 0.4 4.50 (25.9%)
5% Yield On TBPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 18 20.00 1.00 400 0.3 2.00 (11.5%)
Mar 20 22.50 0.45 127 0.4 4.50 (25.9%)

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