GLAD Dividend

Although GLAD has a dividend of 0.17 with an ex-dividend date of Dec 20, you can sell covered calls on Gladstone Capital Corporation - Closed End Fund to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Gladstone Capital Corporation - Closed End Fund (GLAD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
27.68	28.18	27.65	+0.29	127K	-	0.6B

GLAD Dividend-Like Income Using Covered Calls

With GLAD at 27.65, 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%	0.83	0.2
5%	1.38	0.4
10%	2.77	0.8

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 GLAD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	29.60	0.45	184	0.2	1.42 (5.1%)
Mar 21	29.60	0.25	93	0.3	1.42 (5.1%)

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Want more examples? GL Dividend | GLD Dividend