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 12:45 PM ET):
| Globus Medical, Inc. Class A (GMED) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 79.84 | 80.02 | 79.92 | -4.20 | 1.6M | 129 | 12B |
GMED Dividend-Like Income Using Covered Calls
With GMED at 79.92, 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% | 2.40 | 0.7 |
| 5% | 4.00 | 1.1 |
| 10% | 7.99 | 2.2 |
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 | |
| Apr 17 | 80.00 | 2.85 | 56 | 5.1 | 0.00 (0.0%) | |
| Sep 19 | 100.00 | 1.45 | 211 | 0.7 | 19.98 (25.0%) | |
| 5% Yield On GMED Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 80.00 | 2.85 | 56 | 5.1 | 0.00 (0.0%) | |
| Sep 19 | 80.00 | 7.80 | 211 | 3.7 | 0.00 (0.0%) | |
| 10% Yield On GMED Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 80.00 | 2.85 | 56 | 5.1 | 0.00 (0.0%) | |
| Sep 19 | 80.00 | 7.80 | 211 | 3.7 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | LUNR dividend | |
| 2. | FXI dividend | 7. | INTC dividend | 2. | WEAV dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | HIMS dividend | |
| 4. | EEM dividend | 9. | QQQ dividend | 4. | SOUN dividend | |
| 5. | IWM dividend | 10. | HYG dividend | 5. | CORT dividend | |
Want more examples? GME Dividend | GMF Dividend
