BMA Dividend Type Payments

Banco Macro S.A. ADR (representing Ten Class B Common Shares) dividend

Although BMA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Banco Macro S.A. ADR (representing Ten Class B Common Shares) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Banco Macro S.A. ADR (representing Ten Class B Common Shares) (BMA)
Bid Ask Last Change Volume P/E Market Cap
76.56 84.00 80.04 +1.00 420K - 53B

BMA Dividend-Like Income Using Covered Calls

With BMA at 80.04, 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% 2.40 0.7
5% 4.00 1.1
10% 8.00 2.2

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 BMA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 85.00 2.10 36 5.8 1.00 (1.2%)
Jan 17 85.00 2.50 64 3.9 1.00 (1.2%)
5% Yield On BMA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 85.00 2.10 36 5.8 1.00 (1.2%)
Jan 17 85.00 2.50 64 3.9 1.00 (1.2%)
10% Yield On BMA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 85.00 2.10 36 5.8 1.00 (1.2%)
Jan 17 85.00 2.50 64 3.9 1.00 (1.2%)

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Want more examples? BLX Dividend | BMED Dividend