CGBD Dividend Type Payments

Although CGBD has no upcoming (meaning, Board-approved and announced) dividends, 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
14.90	15.81	14.98	-0.07	307K	10	0.8B

CGBD Dividend-Like Income Using Covered Calls

With CGBD at 14.98, 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%	0.45	0.1
5%	0.75	0.2
10%	1.50	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:

3% Yield On CGBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	17.50	0.05	18	0.3	1.69 (11.3%)

5% Yield On CGBD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	17.50	0.05	18	0.3	1.69 (11.3%)

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Want more examples? CG Dividend | CGC Dividend