ADC Dividend

Although ADC has a dividend of 0.25 with an ex-dividend date of Nov 29, you can sell covered calls on Agree Realty Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:15 PM ET):

Agree Realty Corporation (ADC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
77.28	77.32	77.30	+0.55	259K	42	7.9B

ADC Dividend-Like Income Using Covered Calls

With ADC at 77.30, 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%	2.32	0.6
5%	3.87	1.1
10%	7.73	2.1

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 ADC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	80.00	0.45	32	1.4	2.68 (3.5%)
Jan 17	80.00	0.95	60	1.6	2.68 (3.5%)

5% Yield On ADC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	80.00	0.45	32	1.4	2.68 (3.5%)
Jan 17	80.00	0.95	60	1.6	2.68 (3.5%)

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Want more examples? ADBE Dividend | ADCT Dividend