GOOD Dividend Type Payments
Although GOOD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Gladstone Commercial Corporation - Real Estate Investment Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 14.90 | 15.20 | 15.07 | 0.00 | 210K | 56 | 0.7B |
GOOD Dividend-Like Income Using Covered Calls
With GOOD at 15.07, 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% | 0.45 | 0.1 |
| 5% | 0.75 | 0.2 |
| 10% | 1.51 | 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:
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| Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | QBTS dividend | |
| 2. | SPY dividend | 7. | NIO dividend | 2. | OKLO dividend | |
| 3. | SLV dividend | 8. | EEM dividend | 3. | IONQ dividend | |
| 4. | ASHR dividend | 9. | TLT dividend | 4. | RIOT dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | IREN dividend | |
Want more examples? GOLF Dividend | GOOG Dividend
