BGFV Dividend Type Payments

Although BGFV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Big 5 Sporting Goods Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Big 5 Sporting Goods Corporation (BGFV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
1.75	1.80	1.77	+0.05	322K	-	0.0B

BGFV Dividend-Like Income Using Covered Calls

With BGFV at 1.77, 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%	0.05	0.0
5%	0.09	0.0
10%	0.18	0.0

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 BGFV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	2.50	0.05	61	0.1	0.70 (39.5%)
Apr 17	2.50	0.10	151	0.1	0.70 (39.5%)

5% Yield On BGFV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	2.50	0.05	61	0.1	0.70 (39.5%)
Apr 17	2.50	0.10	151	0.1	0.70 (39.5%)

10% Yield On BGFV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	2.50	0.05	61	0.1	0.70 (39.5%)
Apr 17	2.50	0.10	151	0.1	0.70 (39.5%)

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Want more examples? BGC Dividend | BGNE Dividend