GNL Dividend
Although GNL has a dividend of 0.19 with an ex-dividend date of Jul 11, you can sell covered calls on Global Net Lease, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:10 PM ET):
| Global Net Lease, Inc. (GNL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.53 | 7.54 | 7.53 | -0.08 | 572K | - | 1.7B |
GNL Dividend-Like Income Using Covered Calls
With GNL at 7.53, 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% | 0.23 | 0.1 |
| 5% | 0.38 | 0.1 |
| 10% | 0.75 | 0.2 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | RXRX dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | OKLO dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | CIFR dividend | |
| 4. | TSLA dividend | 9. | IBIT dividend | 4. | AEVA dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | EOSE dividend | |
Want more examples? GNK Dividend | GNOM Dividend
