DMLP Dividend

Although DMLP has a dividend of 0.78 with an ex-dividend date of Apr 26, you can sell covered calls on Dorchester Minerals, L.P. - Common Units Representing Limited Partnershi to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Dorchester Minerals, L.P. - Common Units Representing Limited Partnershi (DMLP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.60	34.00	33.83	+0.26	35K	12	1.3B

DMLP Dividend-Like Income Using Covered Calls

With DMLP at 33.83, 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%	1.01	0.3
5%	1.69	0.5
10%	3.38	0.9

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 DMLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	35.00	0.25	29	0.9	1.00 (3.0%)
Aug 16	35.00	0.80	120	0.7	1.00 (3.0%)

5% Yield On DMLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	35.00	0.25	29	0.9	1.00 (3.0%)
Aug 16	35.00	0.80	120	0.7	1.00 (3.0%)

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Want more examples? DMDV Dividend | DMRC Dividend