LAND Dividend

Although LAND has a dividend of 0.05 with an ex-dividend date of Nov 20, you can sell covered calls on Gladstone Land Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:30 AM ET):

Gladstone Land Corporation (LAND)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
11.93	11.95	11.94	-0.05	55K	-	0.4B

LAND Dividend-Like Income Using Covered Calls

With LAND at 11.94, 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%	0.36	0.1
5%	0.60	0.2
10%	1.19	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:

3% Yield On LAND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	12.50	0.50	180	0.3	0.55 (4.6%)
Jan 17	12.50	0.15	61	0.2	0.55 (4.6%)

5% Yield On LAND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	12.50	0.50	180	0.3	0.55 (4.6%)
Jan 17	12.50	0.15	61	0.2	0.55 (4.6%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	SAVA dividend
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3.	EEM dividend	8.	KWEB dividend	3.	ANAB dividend
4.	FXI dividend	9.	TLT dividend	4.	CLSK dividend
5.	IWM dividend	10.	KRE dividend	5.	MARA dividend

Want more examples? LANC Dividend | LASR Dividend