GMED Dividend Type Payments

Globus Medical, Inc. Class A dividend

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
85.65 91.20 86.70 -2.18 1.4M 29 12B

GMED Dividend-Like Income Using Covered Calls

With GMED at 86.70, 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% 2.60 0.7
5% 4.34 1.2
10% 8.67 2.4

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
Jan 16 92.50 0.75 36 2.1 1.30 (1.5%)
Mar 20 100.00 1.40 99 1.4 8.80 (10.1%)
5% Yield On GMED Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 92.50 0.75 36 2.1 1.30 (1.5%)
Mar 20 100.00 1.40 99 1.4 8.80 (10.1%)

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