GOOD Dividend
Although GOOD has a dividend of 0.10 with an ex-dividend date of Jan 23, you can sell covered calls on Gladstone Commercial Corporation - Real Estate Investment Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:05 PM ET):
| Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 11.54 | 11.55 | 11.54 | -0.18 | 322K | 62 | 0.6B |
GOOD Dividend-Like Income Using Covered Calls
With GOOD at 11.54, 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% | 0.35 | 0.1 |
| 5% | 0.58 | 0.2 |
| 10% | 1.15 | 0.3 |
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:
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | IWM dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | NVTS dividend | |
| 3. | NVDA dividend | 8. | HYG dividend | 3. | CIFR dividend | |
| 4. | IBIT dividend | 9. | INTC dividend | 4. | AVBP dividend | |
| 5. | CORZ dividend | 10. | TLT dividend | 5. | OPEN dividend | |
Want more examples? GOLF Dividend | GOOG Dividend
