BCS Dividend Type Payments

Barclays PLC dividend

Although BCS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Barclays PLC 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):

Barclays PLC (BCS)
Bid Ask Last Change Volume P/E Market Cap
14.24 14.38 14.26 +0.27 19.7M - 23B

BCS Dividend-Like Income Using Covered Calls

With BCS 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 BCS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 15.00 1.00 246 0.4 0.62 (4.3%)
Jun 20 15.00 0.85 155 0.5 0.62 (4.3%)
5% Yield On BCS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 15.00 1.00 246 0.4 0.62 (4.3%)
Jun 20 15.00 0.85 155 0.5 0.62 (4.3%)
10% Yield On BCS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 15.00 1.00 246 0.4 0.62 (4.3%)
Jun 20 15.00 0.85 155 0.5 0.62 (4.3%)

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