SBGI Dividend Type Payments

Although SBGI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sinclair Broadcast Group, 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 Fri 4:16 PM ET):

Sinclair Broadcast Group, Inc. - Class A (SBGI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
15.02	17.00	16.08	-0.05	630K	-	0.7B

SBGI Dividend-Like Income Using Covered Calls

With SBGI at 16.08, 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%	0.48	0.1
5%	0.80	0.2
10%	1.61	0.4

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 SBGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	17.50	0.35	29	1.2	0.50 (3.1%)
Jun 20	17.50	1.70	183	0.9	0.50 (3.1%)

5% Yield On SBGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	17.50	0.35	29	1.2	0.50 (3.1%)
Jun 20	17.50	1.70	183	0.9	0.50 (3.1%)

10% Yield On SBGI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	17.50	0.35	29	1.2	0.50 (3.1%)
Jun 20	17.50	1.70	183	0.9	0.50 (3.1%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	INTC dividend	1.	RGTI dividend
2.	SLV dividend	7.	SPY dividend	2.	NMRA dividend
3.	AAPL dividend	8.	TSLA dividend	3.	HUMA dividend
4.	EEM dividend	9.	IWM dividend	4.	DLO dividend
5.	XLF dividend	10.	TLT dividend	5.	MARA dividend

Want more examples? SBCF Dividend | SBH Dividend