FR Dividend

First Industrial Realty Trust, Inc dividend

Although FR has a dividend of 0.23 with an ex-dividend date of Mar 28, 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 4:16 PM ET):

First Industrial Realty Trust, Inc (FR)
Bid Ask Last Change Volume P/E Market Cap
27.25 33.99 33.99 -0.18 470K 20 4.3B

FR Dividend-Like Income Using Covered Calls

With FR at 33.99, 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% 1.02 0.3
5% 1.70 0.5
10% 3.40 0.9

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 FR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 35.00 0.30 58 0.5 1.01 (3.0%)
Jun 21 35.00 0.75 122 0.6 1.01 (3.0%)
5% Yield On FR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 35.00 0.30 58 0.5 1.01 (3.0%)
Jun 21 35.00 0.75 122 0.6 1.01 (3.0%)

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