PDM Dividend Type Payments

Although PDM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Piedmont Office Realty Trust, 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 Tue 4:16 PM ET):

Piedmont Office Realty Trust, Inc. Class A (PDM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
7.01	7.34	7.15	+0.10	698K	-	0.9B

PDM Dividend-Like Income Using Covered Calls

With PDM at 7.15, 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%	0.21	0.1
5%	0.36	0.1
10%	0.72	0.2

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 PDM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.45	207	0.2	0.16 (2.2%)
Mar 21	7.50	0.05	25	0.2	0.16 (2.2%)

5% Yield On PDM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.45	207	0.2	0.16 (2.2%)
Mar 21	7.50	0.05	25	0.2	0.16 (2.2%)

10% Yield On PDM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	7.50	0.45	207	0.2	0.16 (2.2%)
Mar 21	7.50	0.05	25	0.2	0.16 (2.2%)

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Want more examples? PDFS Dividend | PDN Dividend