BAM Dividend Type Payments

Brookfield Asset Management Inc Class A Limited Voting Shares dividend

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 Fri 4:16 PM ET):

Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
Bid Ask Last Change Volume P/E Market Cap
53.00 56.93 55.57 +0.53 533K - 83B

BAM Dividend-Like Income Using Covered Calls

With BAM at 55.57, 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% 1.67 0.5
5% 2.78 0.8
10% 5.56 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 57.50 1.35 91 1.5 0.57 (1.0%)
Jul 18 57.50 2.60 183 1.4 0.57 (1.0%)
5% Yield On BAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 57.50 1.35 91 1.5 0.57 (1.0%)
Jul 18 57.50 2.60 183 1.4 0.57 (1.0%)
10% Yield On BAM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 21 57.50 0.85 36 2.4 0.57 (1.0%)
Mar 21 57.50 1.00 64 1.6 0.57 (1.0%)

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