DMLP Dividend Type Payments
Although DMLP has no upcoming (meaning, Board-approved and announced) dividends, 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 Mon 4:16 PM ET):
| Dorchester Minerals, L.P. - Common Units Representing Limited Partnershi (DMLP) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 27.26 | 27.92 | 27.67 | -0.43 | 130K | 14 | 1.3B |
DMLP Dividend-Like Income Using Covered Calls
With DMLP at 27.67, 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% | 0.83 | 0.2 |
| 5% | 1.38 | 0.4 |
| 10% | 2.77 | 0.8 |
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 | |
| Nov 21 | 30.00 | 0.50 | 159 | 0.3 | 2.08 (7.5%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | RUN dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | BBAI dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | CAPR dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | COGT dividend | |
Want more examples? DMAC Dividend | DMRC Dividend
