GASS Dividend Type Payments

StealthGas, Inc. - common stock dividend

Although GASS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on StealthGas, Inc. - common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

StealthGas, Inc. - common stock (GASS)
Bid Ask Last Change Volume P/E Market Cap
5.72 6.05 5.79 -0.07 90K 3.2 0.2B

GASS Dividend-Like Income Using Covered Calls

With GASS at 5.79, 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% 0.17 0.0
5% 0.29 0.1
10% 0.58 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 GASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 7.50 0.20 164 0.1 1.45 (25.0%)
Mar 21 7.50 0.10 73 0.1 1.45 (25.0%)
5% Yield On GASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 7.50 0.20 164 0.1 1.45 (25.0%)
Mar 21 7.50 0.10 73 0.1 1.45 (25.0%)

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