OCSL Dividend Type Payments

Although OCSL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Oaktree Specialty Lending Corporation - Closed End Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:40 PM ET):

Oaktree Specialty Lending Corporation - Closed End Fund (OCSL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.38	14.39	14.38	+0.16	420K	102	1.3B

OCSL Dividend-Like Income Using Covered Calls

With OCSL at 14.38, 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%	0.43	0.1
5%	0.72	0.2
10%	1.44	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 OCSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	15.00	0.05	24	0.2	0.61 (4.2%)
Sep 19	15.00	0.10	59	0.2	0.61 (4.2%)

5% Yield On OCSL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	15.00	0.05	24	0.2	0.61 (4.2%)
Nov 21	15.00	0.25	122	0.2	0.61 (4.2%)

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Want more examples? OCIO Dividend | OCUL Dividend