GMED Dividend Type Payments

Although GMED has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Globus Medical, Inc. Class A 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):

Globus Medical, Inc. Class A (GMED)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
69.50	75.16	72.55	-1.11	925K	98	10B

GMED Dividend-Like Income Using Covered Calls

With GMED at 72.55, 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%	2.18	0.6
5%	3.63	1.0
10%	7.26	2.0

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 GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	75.00	2.45	50	4.6	0.00 (0.0%)
Apr 17	75.00	0.30	21	0.7	0.00 (0.0%)

5% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	75.00	2.45	50	4.6	0.00 (0.0%)
Apr 17	77.50	0.25	21	1.2	2.34 (3.2%)

10% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	75.00	2.45	50	4.6	0.00 (0.0%)
Sep 19	75.00	4.20	176	2.3	0.00 (0.0%)

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