TSLX Dividend
Although TSLX has a dividend of 0.03 with an ex-dividend date of Nov 28, you can sell covered calls on Sixth Street Specialty Lending, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:10 AM ET):
| Sixth Street Specialty Lending, Inc. (TSLX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.88 | 20.92 | 20.90 | +0.15 | 152K | 10 | 2.0B |
TSLX Dividend-Like Income Using Covered Calls
With TSLX at 20.90, 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% | 0.63 | 0.2 |
| 5% | 1.05 | 0.3 |
| 10% | 2.09 | 0.6 |
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:
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| Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | OLMA dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | IMNM dividend | |
| 3. | KVUE dividend | 8. | QQQ dividend | 3. | RZLT dividend | |
| 4. | NFLX dividend | 9. | TLT dividend | 4. | LITE dividend | |
| 5. | TSLA dividend | 10. | HYG dividend | 5. | SHLS dividend | |
Want more examples? TSLA Dividend | TSM Dividend
