SNY Dividend

Although SNY has a dividend of 2.52 with an ex-dividend date of May 9, 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 Mon 10:55 AM ET):

Sanofi - American Depositary Shares (SNY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
53.03	53.05	53.04	+0.72	382K	11	11B

SNY Dividend-Like Income Using Covered Calls

With SNY at 53.04, 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%	1.59	0.4
5%	2.65	0.7
10%	5.30	1.5

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
May 16	55.00	0.15	19	0.8	1.95 (3.7%)
Sep 19	55.00	1.75	145	1.2	1.95 (3.7%)

5% Yield On SNY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	55.00	0.15	19	0.8	1.95 (3.7%)
Sep 19	55.00	1.75	145	1.2	1.95 (3.7%)

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Want more examples? SNX Dividend | SO Dividend