OXSQ Dividend

Although OXSQ has a dividend of 0.04 with an ex-dividend date of Mar 17, you can sell covered calls on Oxford Square Capital Corp. - 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 Fri 4:16 PM ET):

Oxford Square Capital Corp. - Closed End Fund (OXSQ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
2.64	2.71	2.65	-0.02	1.1M	30	0.2B

OXSQ Dividend-Like Income Using Covered Calls

With OXSQ at 2.65, 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%	0.08	0.0
5%	0.13	0.0
10%	0.27	0.1

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:

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	QBTS dividend
2.	SPY dividend	7.	KWEB dividend	2.	ZIM dividend
3.	IWM dividend	8.	TSLA dividend	3.	RGTI dividend
4.	FXI dividend	9.	INTC dividend	4.	SLNO dividend
5.	QQQ dividend	10.	TLT dividend	5.	SOUN dividend

Want more examples? OXM Dividend | OXY Dividend