GLP Dividend

Although GLP has a dividend of 0.74 with an ex-dividend date of Feb 10, you can sell covered calls on Global Partners LP Global Partners LP Common Units representing Limited 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):

Global Partners LP Global Partners LP Common Units representing Limited (GLP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
54.50	59.85	57.99	-0.02	92K	18	2.0B

GLP Dividend-Like Income Using Covered Calls

With GLP at 57.99, 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%	1.74	0.5
5%	2.90	0.8
10%	5.80	1.6

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 GLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	60.00	2.35	227	1.0	0.15 (0.3%)
Jun 20	60.00	1.65	136	1.2	0.15 (0.3%)

5% Yield On GLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	60.00	2.35	227	1.0	0.15 (0.3%)
Jun 20	60.00	1.65	136	1.2	0.15 (0.3%)

10% Yield On GLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 21	60.00	0.30	17	1.8	0.15 (0.3%)

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Top 10 Open Interest For Feb 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	SYM dividend
2.	TLT dividend	7.	QQQ dividend	2.	BILL dividend
3.	SPY dividend	8.	SLV dividend	3.	AFRM dividend
4.	IWM dividend	9.	GLD dividend	4.	NET dividend
5.	FXI dividend	10.	KWEB dividend	5.	PINS dividend

Want more examples? GLOB Dividend | GLPG Dividend