EGP Dividend

Although EGP has a dividend of 0.72 with an ex-dividend date of Dec 28, you can sell covered calls on EastGroup Properties, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:25 AM ET):

EastGroup Properties, Inc (EGP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
99.54	99.70	99.84	+0.05	13K	-	0.0B

EGP Dividend-Like Income Using Covered Calls

With EGP at 99.84, 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%	3.00	0.8
5%	4.99	1.4
10%	9.98	2.7

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 EGP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 15	100.00	1.60	89	1.8	0.30 (0.3%)
Jun 21	100.00	3.00	187	1.6	0.30 (0.3%)

5% Yield On EGP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 15	100.00	1.60	89	1.8	0.30 (0.3%)
Jun 21	100.00	3.00	187	1.6	0.30 (0.3%)

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Top 10 Open Interest For Dec 21 Expiration				Top 5 High Yield
1.	SPY dividend	6.	EWZ dividend	1.	dividend
2.	EEM dividend	7.	FXI dividend	2.	dividend
3.	SPX dividend	8.	GE dividend	3.	dividend
4.	QQQ dividend	9.	BAC dividend	4.	dividend
5.	IWM dividend	10.	VXX dividend	5.	dividend

Want more examples? EGOV Dividend | EGPT Dividend