NSA Dividend

Although NSA has a dividend of 0.57 with an ex-dividend date of Dec 13, you can sell covered calls on National Storage Affiliates Trust Common Shares of Beneficial Interest to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 3:15 PM ET):

National Storage Affiliates Trust Common Shares of Beneficial Interest (NSA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
43.25	43.29	43.28	+0.95	210K	25	3.2B

NSA Dividend-Like Income Using Covered Calls

With NSA at 43.28, 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%	1.30	0.4
5%	2.16	0.6
10%	4.33	1.2

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 NSA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	45.00	0.35	36	1.0	1.71 (4.0%)
Apr 17	45.00	1.05	154	0.7	1.71 (4.0%)

5% Yield On NSA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	45.00	0.35	36	1.0	1.71 (4.0%)
Apr 17	45.00	1.05	154	0.7	1.71 (4.0%)

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Top 10 Open Interest For Dec 20 Expiration				Top 5 High Yield
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Want more examples? NRT Dividend | NSC Dividend