DLNG Dividend Type Payments

DYNAGAS LONG PARTNERS LP COMMON dividend

Although DLNG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on DYNAGAS LONG PARTNERS LP COMMON to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:20 PM ET):

DYNAGAS LONG PARTNERS LP COMMON (DLNG)
Bid Ask Last Change Volume P/E Market Cap
8.38 8.40 8.39 -0.08 39K 37 0.3B

DLNG Dividend-Like Income Using Covered Calls

With DLNG at 8.39, here's a table showing how big the annual "dividend" (ie. 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% 0.25 0.1
5% 0.42 0.1
10% 0.84 0.2

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 Nov 16 Expiration     Top 5 High Yield
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Want more examples? DLN Dividend | DLPH Dividend