GLDD Dividend Type Payments

Although GLDD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Great Lakes Dredge & Dock Corporation 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):

Great Lakes Dredge & Dock Corporation (GLDD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
10.09	10.50	10.45	+0.13	1.2M	16	0.7B

GLDD Dividend-Like Income Using Covered Calls

With GLDD at 10.45, 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%	0.31	0.1
5%	0.52	0.1
10%	1.05	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 GLDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	12.50	0.30	57	0.5	2.00 (19.1%)
Dec 20	12.50	0.40	92	0.4	2.00 (19.1%)

5% Yield On GLDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	12.50	0.30	57	0.5	2.00 (19.1%)
Dec 20	12.50	0.40	92	0.4	2.00 (19.1%)

10% Yield On GLDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	12.50	0.30	57	0.5	2.00 (19.1%)
Dec 20	12.50	0.40	92	0.4	2.00 (19.1%)

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Want more examples? GLD Dividend | GLDM Dividend