FR Dividend

Although FR has a dividend of 0.45 with an ex-dividend date of Dec 31, you can sell covered calls on First Industrial Realty Trust, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:25 PM ET):

First Industrial Realty Trust, Inc. (FR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
55.38	55.42	55.39	+0.35	200K	31	7.3B

FR Dividend-Like Income Using Covered Calls

With FR at 55.39, 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%	1.66	0.5
5%	2.77	0.8
10%	5.54	1.5

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:

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	TTD dividend
2.	KVUE dividend	7.	INTC dividend	2.	ENVX dividend
3.	NVDA dividend	8.	ASST dividend	3.	SOUN dividend
4.	SLV dividend	9.	HYG dividend	4.	SG dividend
5.	GLD dividend	10.	SPY dividend	5.	CELH dividend

Want more examples? FQAL Dividend | FREL Dividend