BAM Dividend Type Payments

Although BAM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Brookfield Asset Management Inc Class A Limited Voting 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):

Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
52.70	58.85	53.80	-4.06	1.3M	-	88B

BAM Dividend-Like Income Using Covered Calls

With BAM at 53.80, 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%	1.61	0.4
5%	2.69	0.7
10%	5.38	1.5

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 BAM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	60.00	1.30	121	1.1	1.15 (2.1%)
Jul 18	60.00	2.15	213	1.0	1.15 (2.1%)

5% Yield On BAM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	60.00	1.30	121	1.1	1.15 (2.1%)
Jul 18	60.00	2.15	213	1.0	1.15 (2.1%)

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