SBS Dividend Type Payments

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American dividend

Although SBS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Companhia de saneamento Basico Do Estado De Sao Paulo - Sabesp American (SBS)
Bid Ask Last Change Volume P/E Market Cap
21.43 23.95 23.15 +0.24 828K 7.7 16B

SBS Dividend-Like Income Using Covered Calls

With SBS at 23.15, 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% 0.69 0.2
5% 1.16 0.3
10% 2.32 0.6

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 SBS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 25.00 1.10 185 0.6 1.05 (4.5%)
5% Yield On SBS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 25.00 1.10 185 0.6 1.05 (4.5%)

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Want more examples? SBRA Dividend | SBSI Dividend