BNL Dividend
Although BNL has a dividend of 0.29 with an ex-dividend date of Sep 30, you can sell covered calls on Broadstone Net Lease, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:30 AM ET):
| Broadstone Net Lease, Inc. (BNL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 18.47 | 18.48 | 18.47 | +0.03 | 100K | 36 | 3.5B |
BNL Dividend-Like Income Using Covered Calls
With BNL at 18.47, 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% | 0.55 | 0.2 |
| 5% | 0.92 | 0.3 |
| 10% | 1.85 | 0.5 |
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:
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | METC dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | QURE dividend | |
| 3. | PCG dividend | 8. | EEM dividend | 3. | GRAL dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | AEVA dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | PACK dividend | |
Want more examples? BNKU Dividend | BNO Dividend
