GLNG Dividend Type Payments

Although GLNG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Golar LNG Limited - Common Shares 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):

Golar LNG Limited - Common Shares (GLNG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
35.50	40.50	38.13	+0.81	1.0M	78	4.1B

GLNG Dividend-Like Income Using Covered Calls

With GLNG at 38.13, 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%	1.14	0.3
5%	1.91	0.5
10%	3.81	1.0

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 GLNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	41.00	1.35	30	4.5	0.50 (1.3%)
Sep 19	41.00	3.20	156	2.1	0.50 (1.3%)

5% Yield On GLNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	41.00	1.35	30	4.5	0.50 (1.3%)
Sep 19	41.00	3.20	156	2.1	0.50 (1.3%)

10% Yield On GLNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	41.00	1.35	30	4.5	0.50 (1.3%)
Sep 19	41.00	3.20	156	2.1	0.50 (1.3%)

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Want more examples? GLL Dividend | GLOB Dividend