GAIN Dividend

Gladstone Investment Corp dividend

Although GAIN has a dividend of 0.07 with an ex-dividend date of Mar 19, you can sell covered calls on Gladstone Investment Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:15 AM ET):

Gladstone Investment Corp (GAIN)
Bid Ask Last Change Volume P/E Market Cap
11.85 11.87 11.86 +0.02 69K 7.9 0.4B

GAIN Dividend-Like Income Using Covered Calls

With GAIN at 11.86, 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% 0.36 0.1
5% 0.59 0.2
10% 1.19 0.3

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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