GSL Dividend

Although GSL has a dividend of 0.63 with an ex-dividend date of Nov 21, you can sell covered calls on Global Ship Lease Inc New Class A Common Shares 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):

Global Ship Lease Inc New Class A Common Shares (GSL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.83	34.50	34.35	+0.12	535K	-	0.6B

GSL Dividend-Like Income Using Covered Calls

With GSL at 34.35, 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%	1.03	0.3
5%	1.72	0.5
10%	3.44	0.9

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 GSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	0.60	38	1.6	0.50 (1.5%)
Nov 21	35.00	0.05	10	0.5	0.50 (1.5%)

5% Yield On GSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	0.60	38	1.6	0.50 (1.5%)
Nov 21	35.00	0.05	10	0.5	0.50 (1.5%)

10% Yield On GSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	0.60	38	1.6	0.50 (1.5%)
Mar 20	35.00	1.55	129	1.2	0.50 (1.5%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
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5.	TLT dividend	10.	QQQ dividend	5.	IREN dividend

Want more examples? GSK Dividend | GSLC Dividend