ADC Dividend Type Payments

Agree Realty Corporation dividend

Although ADC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Agree Realty Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:00 PM ET):

Agree Realty Corporation (ADC)
Bid Ask Last Change Volume P/E Market Cap
73.83 73.88 73.85 -0.02 169K 44 8.2B

ADC Dividend-Like Income Using Covered Calls

With ADC at 73.85, 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% 2.22 0.6
5% 3.69 1.0
10% 7.39 2.0

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 ADC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 75.00 1.60 71 2.3 1.12 (1.5%)
Sep 19 75.00 1.20 43 2.8 1.12 (1.5%)
5% Yield On ADC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 75.00 1.60 71 2.3 1.12 (1.5%)
Sep 19 75.00 1.20 43 2.8 1.12 (1.5%)
10% Yield On ADC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 75.00 1.60 71 2.3 1.12 (1.5%)
Sep 19 75.00 1.20 43 2.8 1.12 (1.5%)

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

 
 
Top 10 Open Interest For Aug 15 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.MBX dividend
2.SLV dividend 7.TSLA dividend   2.CAPR dividend
3.SPY dividend 8.AMZN dividend   3.SPRY dividend
4.IWM dividend 9.INTC dividend   4.GLBE dividend
5.IBIT dividend 10.QQQ dividend   5.AKRO dividend

Want more examples? ADBE Dividend | ADCT Dividend