BIO Dividend Type Payments

Although BIO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Bio-Rad Laboratories, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Bio-Rad Laboratories, Inc. Class A (BIO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
252.93	368.34	358.86	+2.89	180K	-	10B

BIO Dividend-Like Income Using Covered Calls

With BIO at 358.86, 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%	10.77	2.9
5%	17.94	4.9
10%	35.89	9.8

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 BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	370.00	35.10	233	15.1	1.66 (0.5%)
Jun 20	370.00	24.00	142	16.9	1.66 (0.5%)

5% Yield On BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	370.00	35.10	233	15.1	1.66 (0.5%)
Jun 20	370.00	24.00	142	16.9	1.66 (0.5%)

10% Yield On BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	370.00	35.10	233	15.1	1.66 (0.5%)
Jun 20	370.00	24.00	142	16.9	1.66 (0.5%)

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Want more examples? BILS Dividend | BIP Dividend