DMLP Dividend Type Payments

Although DMLP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Dorchester Minerals, L.P. - Common Units Representing Limited Partnershi to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:15 AM ET):

Dorchester Minerals, L.P. - Common Units Representing Limited Partnershi (DMLP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
22.32	22.50	22.40	+0.22	80K	21	1.1B

DMLP Dividend-Like Income Using Covered Calls

With DMLP at 22.40, 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%	0.67	0.2
5%	1.12	0.3
10%	2.24	0.6

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 DMLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	22.50	0.95	163	0.6	0.00 (0.0%)
Jan 16	22.50	0.20	44	0.5	0.00 (0.0%)

5% Yield On DMLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	22.50	0.95	163	0.6	0.00 (0.0%)
Jan 16	22.50	0.20	44	0.5	0.00 (0.0%)

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Want more examples? DMAC Dividend | DMRC Dividend