TSQ Dividend

Although TSQ has a dividend of 0.20 with an ex-dividend date of Jul 18, you can sell covered calls on Townsquare Media, Inc. Class A 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):

Townsquare Media, Inc. Class A (TSQ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
6.86	7.49	7.18	+0.18	87K	-	0.1B

TSQ Dividend-Like Income Using Covered Calls

With TSQ at 7.18, 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%	0.22	0.1
5%	0.36	0.1
10%	0.72	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 TSQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	7.50	0.20	197	0.1	0.01 (0.1%)

5% Yield On TSQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	7.50	0.20	197	0.1	0.01 (0.1%)

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Want more examples? TSN Dividend | TT Dividend