SU Dividend

Although SU has a dividend of 0.40 with an ex-dividend date of Mar 4, you can sell covered calls on Suncor Energy Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Suncor Energy Inc. (SU)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
37.99	38.32	38.20	-0.04	3.0M	8.3	55B

SU Dividend-Like Income Using Covered Calls

With SU at 38.20, 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%	1.15	0.3
5%	1.91	0.5
10%	3.82	1.0

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 SU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	39.00	0.80	37	2.2	0.68 (1.8%)
Mar 7	38.50	0.41	9	4.6	0.18 (0.5%)

5% Yield On SU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	39.00	0.80	37	2.2	0.68 (1.8%)
Mar 7	38.50	0.41	9	4.6	0.18 (0.5%)

10% Yield On SU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	39.00	0.80	37	2.2	0.68 (1.8%)
Mar 7	38.50	0.41	9	4.6	0.18 (0.5%)

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Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	RKLB dividend
2.	SPY dividend	7.	QQQ dividend	2.	BBAI dividend
3.	FXI dividend	8.	INTC dividend	3.	SOUN dividend
4.	IWM dividend	9.	SLV dividend	4.	HIMS dividend
5.	EEM dividend	10.	TLT dividend	5.	QBTS dividend

Want more examples? STZ Dividend | SUB Dividend