BEPC Dividend Type Payments
Although BEPC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Brookfield Renewable Corporation Class A Subordinate Voting Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:15 AM ET):
| Brookfield Renewable Corporation Class A Subordinate Voting Shares (BEPC) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 28.42 |
28.48 |
28.45 |
+0.38 |
55K |
- |
4.8B |
BEPC Dividend-Like Income Using Covered Calls
With BEPC at 28.45, 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% |
0.85 |
0.2 |
| 5% |
1.42 |
0.4 |
| 10% |
2.85 |
0.8 |
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 BEPC Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 17 |
30.00 |
0.35 |
30 |
1.2 |
1.52 (5.3%) |
| Jun 20 |
30.00 |
2.25 |
184 |
1.2 |
1.52 (5.3%) |
| 5% Yield On BEPC Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 17 |
30.00 |
0.35 |
30 |
1.2 |
1.52 (5.3%) |
| Jun 20 |
30.00 |
2.25 |
184 |
1.2 |
1.52 (5.3%) |
| 10% Yield On BEPC Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 17 |
30.00 |
0.35 |
30 |
1.2 |
1.52 (5.3%) |
| Jun 20 |
30.00 |
2.25 |
184 |
1.2 |
1.52 (5.3%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
