GNE Dividend Type Payments

Genie Energy Ltd. Class B Stock dividend

Although GNE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Genie Energy Ltd. Class B Stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:00 AM ET):

Genie Energy Ltd. Class B Stock (GNE)
Bid Ask Last Change Volume P/E Market Cap
14.27 14.38 14.33 +0.17 7K 71 0.4B

GNE Dividend-Like Income Using Covered Calls

With GNE at 14.33, 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% 0.43 0.1
5% 0.72 0.2
10% 1.43 0.4

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 GNE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 17.50 0.10 31 0.3 3.12 (21.8%)
5% Yield On GNE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 17.50 0.10 31 0.3 3.12 (21.8%)

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