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 Tue 4:16 PM ET):

Bio-Rad Laboratories, Inc. Class A (BIO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
298.09	334.05	320.66	+7.51	235K	-	8.8B

BIO Dividend-Like Income Using Covered Calls

With BIO at 320.66, 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%	9.62	2.6
5%	16.03	4.4
10%	32.07	8.8

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
Dec 20	340.00	2.05	32	6.4	5.95 (1.9%)
Jan 17	340.00	4.00	60	6.7	5.95 (1.9%)

5% Yield On BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	340.00	2.05	32	6.4	5.95 (1.9%)
Jan 17	340.00	4.00	60	6.7	5.95 (1.9%)

10% Yield On BIO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	340.00	24.00	214	11.2	5.95 (1.9%)
Mar 21	340.00	14.70	123	12.0	5.95 (1.9%)

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Want more examples? BILS Dividend | BIP Dividend