ADC Dividend

Although ADC has a dividend of 0.25 with an ex-dividend date of Jan 31, 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 Fri 4:16 PM ET):

Agree Realty Corporation (ADC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
71.82	73.07	72.44	+0.29	753K	40	7.5B

ADC Dividend-Like Income Using Covered Calls

With ADC at 72.44, 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%	2.17	0.6
5%	3.62	1.0
10%	7.24	2.0

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
May 16	75.00	1.55	120	1.3	1.93 (2.7%)
Jul 18	75.00	2.30	183	1.3	1.93 (2.7%)

5% Yield On ADC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	75.00	1.55	120	1.3	1.93 (2.7%)
Jul 18	75.00	2.30	183	1.3	1.93 (2.7%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Feb 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	FXI dividend	1.	RGTI dividend
2.	TLT dividend	7.	TSLA dividend	2.	QUBT dividend
3.	IWM dividend	8.	AMZN dividend	3.	DJT dividend
4.	SPY dividend	9.	ASHR dividend	4.	MSTR dividend
5.	SLV dividend	10.	AAPL dividend	5.	SOUN dividend

Want more examples? ADBE Dividend | ADCT Dividend