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 Fri 4:16 PM ET):

Genmab A/S - American Depositary Shares (GMAB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
19.47	20.31	19.90	-0.24	894K	-	0.8B

GMAB Dividend-Like Income Using Covered Calls

With GMAB at 19.90, 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%	1.99	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	22.50	0.50	141	0.4	2.19 (11.0%)
May 16	22.50	0.20	50	0.4	2.19 (11.0%)

5% Yield On GMAB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	22.50	0.50	141	0.4	2.19 (11.0%)
May 16	22.50	0.20	50	0.4	2.19 (11.0%)

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Want more examples? GM Dividend | GME Dividend