RLGT Dividend Type Payments
Although RLGT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Radiant Logistics, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:30 AM ET):
| Radiant Logistics, Inc. (RLGT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 5.69 | 5.71 | 5.70 | -0.05 | 35K | 21 | 0.3B |
RLGT Dividend-Like Income Using Covered Calls
With RLGT at 5.70, 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% | 0.17 | 0.0 |
| 5% | 0.29 | 0.1 |
| 10% | 0.57 | 0.2 |
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 RLGT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 7.50 | 0.10 | 156 | 0.1 | 1.79 (31.4%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | TMDX dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | ROKU dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | UPST dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | ASTS dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | STLA dividend | |
Want more examples? RL Dividend | RLI Dividend
