BNL Dividend
Although BNL has a dividend of 0.29 with an ex-dividend date of Jun 28, 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 Tue 4:16 PM ET):
| Broadstone Net Lease, Inc. (BNL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 14.80 | 15.62 | 15.18 | -0.23 | 1.1M | 19 | 2.9B |
BNL Dividend-Like Income Using Covered Calls
With BNL at 15.18, 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% | 0.46 | 0.1 |
| 5% | 0.76 | 0.2 |
| 10% | 1.52 | 0.4 |
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 May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | RIVN dividend | |
| 2. | QQQ dividend | 7. | TSLA dividend | 2. | AFRM dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | UPST dividend | |
| 4. | HYG dividend | 9. | TLT dividend | 4. | TWLO dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | U dividend | |
Want more examples? BNKU Dividend | BNO Dividend
