GTLS Dividend Type Payments
Although GTLS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Chart Industries, Inc. 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):
| Chart Industries, Inc. (GTLS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 122.10 | 126.75 | 126.36 | +2.33 | 584K | 59 | 5.3B |
GTLS Dividend-Like Income Using Covered Calls
With GTLS at 126.36, 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% | 3.79 | 1.0 |
| 5% | 6.32 | 1.7 |
| 10% | 12.64 | 3.5 |
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 GTLS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 130.00 | 7.60 | 38 | 20.0 | 3.25 (2.6%) | |
| Oct 18 | 130.00 | 1.55 | 10 | 15.5 | 3.25 (2.6%) | |
| 5% Yield On GTLS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 130.00 | 7.60 | 38 | 20.0 | 3.25 (2.6%) | |
| Oct 18 | 130.00 | 1.55 | 10 | 15.5 | 3.25 (2.6%) | |
| 10% Yield On GTLS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 130.00 | 7.60 | 38 | 20.0 | 3.25 (2.6%) | |
| Oct 18 | 130.00 | 1.55 | 10 | 15.5 | 3.25 (2.6%) | |
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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? GTIM Dividend | GTN Dividend
