REXR Dividend
Although REXR has a dividend of 0.43 with an ex-dividend date of Mar 31, you can sell covered calls on Rexford Industrial Realty, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
Rexford Industrial Realty, Inc. (REXR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
38.00 | 39.40 | 38.79 | -0.36 | 4.5M | 33 | 8.9B |
REXR Dividend-Like Income Using Covered Calls
With REXR at 38.79, 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% | 1.16 | 0.3 |
5% | 1.94 | 0.5 |
10% | 3.88 | 1.1 |
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 REXR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 40.00 | 0.95 | 36 | 2.6 | 0.60 (1.5%) | |
Oct 17 | 40.00 | 2.85 | 219 | 1.3 | 0.60 (1.5%) |
5% Yield On REXR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 40.00 | 0.95 | 36 | 2.6 | 0.60 (1.5%) | |
Oct 17 | 40.00 | 2.85 | 219 | 1.3 | 0.60 (1.5%) |
10% Yield On REXR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 17 | 40.00 | 0.95 | 36 | 2.6 | 0.60 (1.5%) | |
Oct 17 | 40.00 | 2.85 | 219 | 1.3 | 0.60 (1.5%) |
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Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | QBTS dividend | |
2. | SPY dividend | 7. | KWEB dividend | 2. | DOCU dividend | |
3. | IWM dividend | 8. | INTC dividend | 3. | RCAT dividend | |
4. | FXI dividend | 9. | TSLA dividend | 4. | JBLU dividend | |
5. | EEM dividend | 10. | XLF dividend | 5. | VKTX dividend |
Want more examples? REW Dividend | REYN Dividend