GMAB Dividend Type Payments

Although GMAB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Genmab A/S - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 10:45 AM ET):

Genmab A/S - American Depositary Shares (GMAB)
Bid Ask Last Change Volume P/E Market Cap
20.03 20.04 20.04 -0.03 572K - 0.8B

GMAB Dividend-Like Income Using Covered Calls

With GMAB at 20.04, 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% 0.60 0.2
5% 1.00 0.3
10% 2.00 0.5

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 GMAB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.60 116 0.5 0.00 (0.0%)
Jun 20 20.00 1.15 60 1.9 0.00 (0.0%)
5% Yield On GMAB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.60 116 0.5 0.00 (0.0%)
Jun 20 20.00 1.15 60 1.9 0.00 (0.0%)
10% Yield On GMAB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 20.00 1.15 60 1.9 0.00 (0.0%)

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Want more examples? GM Dividend | GME Dividend