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 Wed 4:16 PM ET):

Barclays PLC (BCS)
Bid Ask Last Change Volume P/E Market Cap
12.90 13.28 12.98 -0.35 17.5M - 22B

BCS Dividend-Like Income Using Covered Calls

With BCS at 12.98, 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% 0.39 0.1
5% 0.65 0.2
10% 1.30 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
Jan 17 14.00 0.10 31 0.3 0.72 (5.5%)
Jun 20 15.00 0.50 185 0.3 1.72 (13.3%)
5% Yield On BCS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 14.00 0.10 31 0.3 0.72 (5.5%)
Jun 20 15.00 0.50 185 0.3 1.72 (13.3%)
10% Yield On BCS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 21 14.00 0.40 94 0.4 0.72 (5.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Dec 20 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.NVDA dividend
2.SPY dividend 7.IWM dividend   2.RGTI dividend
3.XLF dividend 8.KWEB dividend   3.QUBT dividend
4.QQQ dividend 9.TLT dividend   4.MU dividend
5.FXI dividend 10.TSLA dividend   5.QBTS dividend

Want more examples? BCRX Dividend | BCSF Dividend