RGA Dividend Type Payments

Reinsurance Group of America, Incorporated dividend

Although RGA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Reinsurance Group of America, Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:05 AM ET):

Reinsurance Group of America, Incorporated (RGA)
Bid Ask Last Change Volume P/E Market Cap
206.22 207.11 206.67 -0.87 44K 19 14B

RGA Dividend-Like Income Using Covered Calls

With RGA at 206.67, 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% 6.20 1.7
5% 10.33 2.8
10% 20.67 5.7

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 RGA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 210.00 3.10 26 11.9 2.89 (1.4%)
Apr 17 210.00 8.50 116 7.3 2.89 (1.4%)
5% Yield On RGA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 210.00 3.10 26 11.9 2.89 (1.4%)
Apr 17 210.00 8.50 116 7.3 2.89 (1.4%)
10% Yield On RGA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 210.00 3.10 26 11.9 2.89 (1.4%)
Apr 17 210.00 8.50 116 7.3 2.89 (1.4%)

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