BCC Dividend Type Payments

Boise Cascade, L.L.C. dividend

Although BCC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Boise Cascade, L.L.C. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:40 AM ET):

Boise Cascade, L.L.C. (BCC)
Bid Ask Last Change Volume P/E Market Cap
128.74 129.18 129.22 +0.10 33K 13 5.0B

BCC Dividend-Like Income Using Covered Calls

With BCC at 129.22, 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% 3.88 1.1
5% 6.46 1.8
10% 12.92 3.5

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 BCC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 130.00 7.30 86 8.5 0.82 (0.6%)
Jul 18 130.00 12.10 178 6.8 0.82 (0.6%)
5% Yield On BCC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 130.00 7.30 86 8.5 0.82 (0.6%)
Jul 18 130.00 12.10 178 6.8 0.82 (0.6%)
10% Yield On BCC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 130.00 7.30 86 8.5 0.82 (0.6%)
Jul 18 130.00 12.10 178 6.8 0.82 (0.6%)

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