BGC Dividend

Although BGC has a dividend of 0.02 with an ex-dividend date of May 27, you can sell covered calls on BGC Group, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:45 AM ET):

BGC Group, Inc. - Class A (BGC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
9.26	9.27	9.27	-0.08	272K	37	3.5B

BGC Dividend-Like Income Using Covered Calls

With BGC at 9.27, 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%	0.28	0.1
5%	0.46	0.1
10%	0.93	0.3

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 BGC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	10.00	0.40	94	0.4	0.73 (7.9%)
Jun 20	10.00	0.10	38	0.3	0.73 (7.9%)

5% Yield On BGC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	10.00	0.40	94	0.4	0.73 (7.9%)
Jun 20	10.00	0.10	38	0.3	0.73 (7.9%)

10% Yield On BGC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	10.00	0.40	94	0.4	0.73 (7.9%)
Jun 20	10.00	0.10	38	0.3	0.73 (7.9%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
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5.	QQQ dividend	10.	INTC dividend	5.	JACK dividend

Want more examples? BG Dividend | BGFV Dividend