DSL Dividend Type Payments

DOUBLELINE INCOME SOLUTIONS FU dividend

Although DSL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on DOUBLELINE INCOME SOLUTIONS FU to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 9:35 AM ET):

DOUBLELINE INCOME SOLUTIONS FU (DSL)
Bid Ask Last Change Volume P/E Market Cap
19.28 19.30 19.29 +0.09 8K 6.2 1.9B

DSL Dividend-Like Income Using Covered Calls

With DSL at 19.29, 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% 0.58 0.2
5% 0.96 0.3
10% 1.93 0.5

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:

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.CRON dividend
2.SPX dividend 7.MU dividend   2.NBEV dividend
3.EEM dividend 8.FXI dividend   3.NEPT dividend
4.QQQ dividend 9.AMD dividend   4.UVXY dividend
5.PBR dividend 10.XLF dividend   5.TLRY dividend

Want more examples? DSKE Dividend | DSPG Dividend