JBGS Dividend Type Payments
Although JBGS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JBG SMITH Properties Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:25 PM ET):
| JBG SMITH Properties Common Shares (JBGS) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 15.04 |
15.06 |
15.05 |
+0.14 |
85K |
- |
1.3B |
JBGS Dividend-Like Income Using Covered Calls
With JBGS at 15.05, 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:
| 3% Yield On JBGS Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 17 |
15.00 |
0.75 |
60 |
1.2 |
0.00 (0.0%) |
| Jul 18 |
15.00 |
1.00 |
242 |
0.4 |
0.00 (0.0%) |
| 5% Yield On JBGS Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 17 |
15.00 |
0.75 |
60 |
1.2 |
0.00 (0.0%) |
| Jul 18 |
15.00 |
1.00 |
242 |
0.4 |
0.00 (0.0%) |
| 10% Yield On JBGS Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Jan 17 |
15.00 |
0.75 |
60 |
1.2 |
0.00 (0.0%) |
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