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 Fri 4:16 PM ET):
| Theravance Biopharma, Inc. - Ordinary Shares (TBPH) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 13.40 | 14.79 | 14.26 | +0.22 | 324K | 59 | 0.7B |
TBPH Dividend-Like Income Using Covered Calls
With TBPH at 14.26, 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% | 0.43 | 0.1 |
| 5% | 0.71 | 0.2 |
| 10% | 1.43 | 0.4 |
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 | |
| Nov 21 | 15.00 | 0.50 | 36 | 1.4 | 0.21 (1.5%) | |
| Mar 20 | 15.00 | 1.15 | 155 | 0.7 | 0.21 (1.5%) | |
| 5% Yield On TBPH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 15.00 | 0.50 | 36 | 1.4 | 0.21 (1.5%) | |
| Mar 20 | 15.00 | 1.15 | 155 | 0.7 | 0.21 (1.5%) | |
| 10% Yield On TBPH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 15.00 | 0.50 | 36 | 1.4 | 0.21 (1.5%) | |
| Mar 20 | 15.00 | 1.15 | 155 | 0.7 | 0.21 (1.5%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IBIT dividend | 6. | GLD dividend | 1. | CIFR dividend | |
| 2. | KVUE dividend | 7. | TLT dividend | 2. | INBX dividend | |
| 3. | NVDA dividend | 8. | EEM dividend | 3. | USAR dividend | |
| 4. | SLV dividend | 9. | INTC dividend | 4. | BHVN dividend | |
| 5. | HYG dividend | 10. | QQQ dividend | 5. | IREN dividend | |
Want more examples? TBI Dividend | TBT Dividend
