BIIB Dividend Type Payments

Biogen Inc. dividend

Although BIIB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Biogen Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:35 AM ET):

Biogen Inc. (BIIB)
Bid Ask Last Change Volume P/E Market Cap
117.57 117.82 117.69 +1.21 124K 10 17B

BIIB Dividend-Like Income Using Covered Calls

With BIIB at 117.69, 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% 3.53 1.0
5% 5.88 1.6
10% 11.77 3.2

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 BIIB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 118.00 4.10 11 37.3 0.18 (0.2%)
May 9 118.00 3.80 18 21.1 0.18 (0.2%)
5% Yield On BIIB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 118.00 4.10 11 37.3 0.18 (0.2%)
May 9 118.00 3.80 18 21.1 0.18 (0.2%)
10% Yield On BIIB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 2 118.00 4.10 11 37.3 0.18 (0.2%)
May 9 118.00 3.80 18 21.1 0.18 (0.2%)

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

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.STLA dividend
2.SPY dividend 7.IWM dividend   2.VRT dividend
3.TLT dividend 8.FXI dividend   3.BHVN dividend
4.SLV dividend 9.TSLA dividend   4.UPST dividend
5.QQQ dividend 10.IBIT dividend   5.AUR dividend

Want more examples? BIGC Dividend | BIL Dividend