TRIB Dividend Type Payments

Although TRIB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Trinity Biotech plc - 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):

Trinity Biotech plc - American Depositary Shares (TRIB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
1.66	2.05	1.67	-0.06	96K	-	0.0B

TRIB Dividend-Like Income Using Covered Calls

With TRIB at 1.67, 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%	0.05	0.0
5%	0.08	0.0
10%	0.17	0.0

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 TRIB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	2.50	0.05	192	0.0	0.45 (26.9%)
Feb 21	2.50	0.05	108	0.0	0.45 (26.9%)

5% Yield On TRIB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	2.50	0.05	192	0.0	0.45 (26.9%)
Feb 21	2.50	0.05	108	0.0	0.45 (26.9%)

10% Yield On TRIB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 21	2.50	0.05	108	0.0	0.45 (26.9%)

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1.	FXI dividend	6.	EEM dividend	1.	CLOV dividend
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4.	SPY dividend	9.	EWZ dividend	4.	UPST dividend
5.	IWM dividend	10.	QQQ dividend	5.	RIVN dividend

Want more examples? TRI Dividend | TRIP Dividend