GMAB Dividend Type Payments
Although GMAB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Genmab A/S - American Depositary Shares 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):
| Genmab A/S - American Depositary Shares (GMAB) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 31.87 | 31.88 | 31.87 | +0.47 | 497K | - | 1.2B |
GMAB Dividend-Like Income Using Covered Calls
With GMAB at 31.87, 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% | 0.96 | 0.3 |
| 5% | 1.59 | 0.4 |
| 10% | 3.19 | 0.9 |
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 GMAB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 15 | 35.00 | 0.55 | 171 | 0.3 | 3.12 (9.8%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | RZLT dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | IMNM dividend | |
| 3. | IWM dividend | 8. | GLD dividend | 3. | VTYX dividend | |
| 4. | SPY dividend | 9. | TLT dividend | 4. | ALT dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | NB dividend | |
Want more examples? GM Dividend | GME Dividend
