BX Dividend

Although BX has a dividend of 0.93 with an ex-dividend date of Apr 28, you can sell covered calls on Blackstone Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Blackstone Inc. (BX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
120.00	121.33	120.22	-10.17	6.7M	45	95B

BX Dividend-Like Income Using Covered Calls

With BX at 120.22, 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%	3.61	1.0
5%	6.01	1.6
10%	12.02	3.3

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 BX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	121.00	4.05	12	31.0	0.00 (0.0%)
May 9	121.00	4.90	19	24.1	0.00 (0.0%)

5% Yield On BX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	121.00	4.05	12	31.0	0.00 (0.0%)
May 9	121.00	4.90	19	24.1	0.00 (0.0%)

10% Yield On BX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 2	121.00	4.05	12	31.0	0.00 (0.0%)
May 9	121.00	4.90	19	24.1	0.00 (0.0%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	STLA dividend
2.	SPY dividend	7.	GLD dividend	2.	HOOD dividend
3.	TLT dividend	8.	FXI dividend	3.	VRT dividend
4.	SLV dividend	9.	TSLA dividend	4.	UPST dividend
5.	QQQ dividend	10.	KWEB dividend	5.	RIOT dividend

Want more examples? BWZ Dividend | BXC Dividend