SAND Dividend

Although SAND has a dividend of 0.01 with an ex-dividend date of Jan 21, you can sell covered calls on Sandstorm Gold Ltd. Ordinary Shares (Canada) 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):

Sandstorm Gold Ltd. Ordinary Shares (Canada) (SAND)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
5.35	5.43	5.45	+0.06	1.6M	45	1.0B

SAND Dividend-Like Income Using Covered Calls

With SAND at 5.45, 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%	0.16	0.0
5%	0.27	0.1
10%	0.55	0.1

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 SAND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	6.00	0.35	179	0.2	0.57 (10.5%)
Feb 21	6.00	0.10	60	0.2	0.57 (10.5%)

5% Yield On SAND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	6.00	0.35	179	0.2	0.57 (10.5%)
Feb 21	6.00	0.10	60	0.2	0.57 (10.5%)

10% Yield On SAND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	6.00	0.35	179	0.2	0.57 (10.5%)
Feb 21	6.00	0.10	60	0.2	0.57 (10.5%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	XLF dividend	1.	NMRA dividend
2.	SLV dividend	7.	SPY dividend	2.	RUM dividend
3.	AAPL dividend	8.	TSLA dividend	3.	X dividend
4.	EEM dividend	9.	IWM dividend	4.	CLSK dividend
5.	INTC dividend	10.	TLT dividend	5.	QUBT dividend

Want more examples? SAN Dividend | SANM Dividend