GOOD Dividend
Although GOOD has a dividend of 0.10 with an ex-dividend date of Oct 22, 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 Wed 4:16 PM ET):
| Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 15.85 | 16.25 | 16.14 | +0.24 | 172K | - | 0.7B |
GOOD Dividend-Like Income Using Covered Calls
With GOOD at 16.14, 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% | 0.48 | 0.1 |
| 5% | 0.81 | 0.2 |
| 10% | 1.61 | 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 GOOD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 17.50 | 0.10 | 73 | 0.1 | 1.25 (7.7%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | WOLF dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | SERV dividend | |
| 3. | FXI dividend | 8. | SMCI dividend | 3. | FUTU dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | HUM dividend | |
| 5. | QQQ dividend | 10. | HYG dividend | 5. | AEHR dividend | |
Want more examples? GOLF Dividend | GOOG Dividend
