FR Dividend

First Industrial Realty Trust, Inc. dividend

Although FR has a dividend of 0.37 with an ex-dividend date of Dec 31, you can sell covered calls on First Industrial Realty Trust, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

First Industrial Realty Trust, Inc. (FR)
Bid Ask Last Change Volume P/E Market Cap
52.32 53.38 52.84 -0.21 1.6M 23 7.0B

FR Dividend-Like Income Using Covered Calls

With FR at 52.84, 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% 2.64 0.7
10% 5.28 1.4

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 FR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 55.00 1.20 227 0.5 1.62 (3.1%)
Mar 21 55.00 1.50 136 1.1 1.62 (3.1%)
5% Yield On FR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 21 55.00 1.50 136 1.1 1.62 (3.1%)

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