UE Dividend
Although UE has a dividend of 0.19 with an ex-dividend date of Dec 15, you can sell covered calls on Urban Edge Properties Common Shares of Beneficial Interest to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:05 AM ET):
| Urban Edge Properties Common Shares of Beneficial Interest (UE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 19.11 | 19.17 | 19.14 | +0.05 | 24K | 21 | 2.4B |
UE Dividend-Like Income Using Covered Calls
With UE at 19.14, 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% | 0.57 | 0.2 |
| 5% | 0.96 | 0.3 |
| 10% | 1.91 | 0.5 |
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. | IBIT dividend | 6. | TLT dividend | 1. | SOC dividend | |
| 2. | NVDA dividend | 7. | ASST dividend | 2. | JOBY dividend | |
| 3. | KVUE dividend | 8. | SPY dividend | 3. | VKTX dividend | |
| 4. | SLV dividend | 9. | QQQ dividend | 4. | OKLO dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | TMC dividend | |
Want more examples? UDR Dividend | UEC Dividend
