CGBD Dividend
Although CGBD has a dividend of 0.40 with an ex-dividend date of Jun 30, you can sell covered calls on Carlyle Secured Lending, Inc. - Closed End Fund 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):
| Carlyle Secured Lending, Inc. - Closed End Fund (CGBD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 13.80 | 14.14 | 13.84 | +0.03 | 297K | 11 | 1.0B |
CGBD Dividend-Like Income Using Covered Calls
With CGBD at 13.84, 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% | 0.42 | 0.1 |
| 5% | 0.69 | 0.2 |
| 10% | 1.38 | 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 Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | QUBT dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | CAPR dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | BBAI dividend | |
| 5. | SLV dividend | 10. | INTC dividend | 5. | COGT dividend | |
Want more examples? CG Dividend | CGC Dividend
