BIP Dividend

Although BIP has a dividend of 0.41 with an ex-dividend date of Nov 29, you can sell covered calls on Brookfield Infrastructure Partners LP Limited Partnership Units to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:05 AM ET):

Brookfield Infrastructure Partners LP Limited Partnership Units (BIP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.67	33.73	33.70	-0.61	27K	-	13B

BIP Dividend-Like Income Using Covered Calls

With BIP at 33.70, 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%	1.01	0.3
5%	1.69	0.5
10%	3.37	0.9

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 BIP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	35.00	0.25	31	0.8	1.27 (3.8%)
Jan 17	35.00	0.45	59	0.8	1.27 (3.8%)

5% Yield On BIP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	35.00	0.25	31	0.8	1.27 (3.8%)
Jan 17	35.00	0.45	59	0.8	1.27 (3.8%)

10% Yield On BIP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	35.00	1.60	149	1.1	1.27 (3.8%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	SAVA dividend
2.	SPY dividend	7.	XLF dividend	2.	CRVS dividend
3.	EEM dividend	8.	TLT dividend	3.	ANAB dividend
4.	FXI dividend	9.	KWEB dividend	4.	APLT dividend
5.	IWM dividend	10.	AAPL dividend	5.	CLSK dividend

Want more examples? BIO Dividend | BIS Dividend