GNE Dividend Type Payments

Although GNE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Genie Energy Ltd. Class B Stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:25 PM ET):

Genie Energy Ltd. Class B Stock (GNE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
15.83	15.91	15.84	+0.05	18K	63	0.4B

GNE Dividend-Like Income Using Covered Calls

With GNE at 15.84, 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%	0.48	0.1
5%	0.79	0.2
10%	1.58	0.4

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 GNE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	17.50	0.15	33	0.5	1.59 (10.0%)
Jun 20	20.00	0.50	215	0.2	4.09 (25.8%)

5% Yield On GNE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	17.50	0.15	33	0.5	1.59 (10.0%)
Jun 20	20.00	0.50	215	0.2	4.09 (25.8%)

10% Yield On GNE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	17.50	0.15	33	0.5	1.59 (10.0%)
Mar 21	17.50	0.55	124	0.4	1.59 (10.0%)

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Want more examples? GMS Dividend | GNK Dividend