GILT Dividend Type Payments

Although GILT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Gilat Satellite Networks Ltd. - Ordinary Shares 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):

Gilat Satellite Networks Ltd. - Ordinary Shares (GILT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
5.90	6.05	6.00	-0.13	158K	14	0.6B

GILT Dividend-Like Income Using Covered Calls

With GILT at 6.00, 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%	0.18	0.0
5%	0.30	0.1
10%	0.60	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 GILT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.25	152	0.2	1.45 (24.2%)
Dec 19	7.50	0.35	243	0.1	1.45 (24.2%)

5% Yield On GILT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.25	152	0.2	1.45 (24.2%)
Dec 19	7.50	0.35	243	0.1	1.45 (24.2%)

10% Yield On GILT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.25	152	0.2	1.45 (24.2%)

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