DMLP Dividend

Although DMLP has a dividend of 0.73 with an ex-dividend date of May 5, 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 Tue 4:16 PM ET):

Dorchester Minerals, L.P. - Common Units Representing Limited Partnershi (DMLP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
29.08	29.50	29.08	-0.21	50K	14	1.4B

DMLP Dividend-Like Income Using Covered Calls

With DMLP at 29.08, 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%	0.87	0.2
5%	1.45	0.4
10%	2.91	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
May 16	30.00	0.10	18	0.6	0.50 (1.7%)

5% Yield On DMLP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	30.00	0.10	18	0.6	0.50 (1.7%)

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