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 Wed 2:00 PM ET):

Sanofi - American Depositary Shares (SNY)
Bid Ask Last Change Volume P/E Market Cap
47.71 47.75 47.73 -1.21 1.5M 12 11B

SNY Dividend-Like Income Using Covered Calls

With SNY at 47.73, 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% 1.43 0.4
5% 2.39 0.7
10% 4.77 1.3

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
Jan 17 50.00 0.15 31 0.5 2.25 (4.7%)
Jun 20 50.00 1.85 185 1.0 2.25 (4.7%)
5% Yield On SNY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 50.00 1.85 185 1.0 2.25 (4.7%)
Mar 21 50.00 1.15 94 1.2 2.25 (4.7%)

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