SQM Dividend Type Payments

Although SQM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Sociedad Quimica y Minera S.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):

Sociedad Quimica y Minera S.A. (SQM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
48.30	49.31	48.83	+2.56	1.5M	28	15B

SQM Dividend-Like Income Using Covered Calls

With SQM at 48.83, 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%	1.46	0.4
5%	2.44	0.7
10%	4.88	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 SQM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	50.00	2.25	43	5.2	0.69 (1.4%)
Nov 21	50.00	2.00	15	13.3	0.69 (1.4%)

5% Yield On SQM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	50.00	2.25	43	5.2	0.69 (1.4%)
Nov 21	50.00	2.00	15	13.3	0.69 (1.4%)

10% Yield On SQM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	50.00	2.25	43	5.2	0.69 (1.4%)
Nov 21	50.00	2.00	15	13.3	0.69 (1.4%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	ONDS dividend
2.	NVDA dividend	7.	ASST dividend	2.	NBIS dividend
3.	KVUE dividend	8.	INTC dividend	3.	OKLO dividend
4.	SLV dividend	9.	SPY dividend	4.	WULF dividend
5.	GLD dividend	10.	HYG dividend	5.	BE dividend

Want more examples? SQEW Dividend | SQNS Dividend