SNY Dividend Type Payments

Sanofi - American Depositary Shares dividend

Although SNY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sanofi - American Depositary 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):

Sanofi - American Depositary Shares (SNY)
Bid Ask Last Change Volume P/E Market Cap
47.50 51.00 50.74 0.00 2.4M 13 11B

SNY Dividend-Like Income Using Covered Calls

With SNY at 50.74, 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% 1.52 0.4
5% 2.54 0.7
10% 5.07 1.4

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 SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 55.00 1.55 246 0.6 4.00 (7.9%)
Jun 20 52.50 1.90 155 1.2 1.50 (3.0%)
5% Yield On SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 52.50 1.90 155 1.2 1.50 (3.0%)
Mar 21 55.00 0.45 64 0.7 4.00 (7.9%)

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

 
 
Top 10 Open Interest For Feb 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.FXI dividend   1.RGTI dividend
2.TLT dividend 7.TSLA dividend   2.QUBT dividend
3.IWM dividend 8.AMZN dividend   3.DJT dividend
4.SPY dividend 9.ASHR dividend   4.MSTR dividend
5.SLV dividend 10.AAPL dividend   5.SOUN dividend

Want more examples? SNX Dividend | SO Dividend