GMED Dividend Type Payments

Although GMED has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Globus Medical, Inc. Class A 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):

Globus Medical, Inc. Class A (GMED)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
59.30	61.76	61.58	+2.00	1.3M	23	8.0B

GMED Dividend-Like Income Using Covered Calls

With GMED at 61.58, 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%	1.85	0.5
5%	3.08	0.8
10%	6.16	1.7

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 GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	62.50	3.00	61	4.9	0.74 (1.2%)
Nov 21	62.50	3.30	33	10.0	0.74 (1.2%)

5% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	62.50	3.00	61	4.9	0.74 (1.2%)
Nov 21	62.50	3.30	33	10.0	0.74 (1.2%)

10% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	62.50	3.00	61	4.9	0.74 (1.2%)
Nov 21	62.50	3.30	33	10.0	0.74 (1.2%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	KVUE dividend	6.	GLD dividend	1.	INBX dividend
2.	IBIT dividend	7.	TLT dividend	2.	CRML dividend
3.	NVDA dividend	8.	EEM dividend	3.	USAR dividend
4.	SLV dividend	9.	INTC dividend	4.	NB dividend
5.	HYG dividend	10.	SPY dividend	5.	SNDK dividend

Want more examples? GME Dividend | GMF Dividend