REXR Dividend Type Payments
Although REXR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Rexford Industrial Realty, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
Rexford Industrial Realty, Inc. (REXR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
34.54 | 37.50 | 36.95 | +0.22 | 2.0M | 30 | 8.7B |
REXR Dividend-Like Income Using Covered Calls
With REXR at 36.95, 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% | 1.11 | 0.3 |
5% | 1.85 | 0.5 |
10% | 3.70 | 1.0 |
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 REXR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 40.00 | 0.35 | 39 | 0.9 | 2.50 (6.8%) | |
Oct 17 | 40.00 | 0.55 | 102 | 0.5 | 2.50 (6.8%) |
5% Yield On REXR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 40.00 | 0.35 | 39 | 0.9 | 2.50 (6.8%) | |
Oct 17 | 40.00 | 0.55 | 102 | 0.5 | 2.50 (6.8%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | GLD dividend | 1. | CIFR dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | PRAX dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | AEVA dividend | |
4. | TSLA dividend | 9. | IBIT dividend | 4. | RXRX dividend | |
5. | IWM dividend | 10. | QQQ dividend | 5. | CELC dividend |
Want more examples? REW Dividend | REYN Dividend