GRN Dividend Type Payments

Although GRN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iPath Series B Carbon Exchange-Traded Notes to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:00 PM ET):

iPath Series B Carbon Exchange-Traded Notes (GRN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
27.83	28.06	27.67	+0.32	0K	-	0.0B

GRN Dividend-Like Income Using Covered Calls

With GRN at 27.67, 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%	0.83	0.2
5%	1.38	0.4
10%	2.77	0.8

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 GRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	28.00	1.40	164	0.8	0.00 (0.0%)
Jul 18	28.00	0.45	73	0.5	0.00 (0.0%)

5% Yield On GRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	28.00	1.40	164	0.8	0.00 (0.0%)
Jul 18	28.00	0.45	73	0.5	0.00 (0.0%)

10% Yield On GRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	28.00	1.40	164	0.8	0.00 (0.0%)

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Want more examples? GRMN Dividend | GRNB Dividend