GLNG Dividend Type Payments
Although GLNG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Golar LNG Limited - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Golar LNG Limited - Common Shares (GLNG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 38.13 | 40.25 | 39.49 | +0.50 | 1.2M | 81 | 4.3B |
GLNG Dividend-Like Income Using Covered Calls
With GLNG at 39.49, 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% | 1.18 | 0.3 |
| 5% | 1.97 | 0.5 |
| 10% | 3.95 | 1.1 |
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 GLNG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 41.00 | 0.05 | 5 | 1.0 | 0.75 (1.9%) | |
| Dec 19 | 41.00 | 1.70 | 68 | 2.5 | 0.75 (1.9%) | |
| 5% Yield On GLNG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 41.00 | 0.05 | 5 | 1.0 | 0.75 (1.9%) | |
| Dec 19 | 41.00 | 1.70 | 68 | 2.5 | 0.75 (1.9%) | |
| 10% Yield On GLNG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 41.00 | 1.70 | 68 | 2.5 | 0.75 (1.9%) | |
| Nov 21 | 41.00 | 1.45 | 40 | 3.6 | 0.75 (1.9%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ARCT dividend | |
| 2. | IBIT dividend | 7. | INTC dividend | 2. | NVTS dividend | |
| 3. | GLD dividend | 8. | QQQ dividend | 3. | HIVE dividend | |
| 4. | SPY dividend | 9. | IWM dividend | 4. | AAOI dividend | |
| 5. | SLV dividend | 10. | AMZN dividend | 5. | BTBT dividend | |
Want more examples? GLL Dividend | GLOB Dividend
