GASS Dividend Type Payments

StealthGas, Inc. - common stock dividend

Although GASS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on StealthGas, Inc. - common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

StealthGas, Inc. - common stock (GASS)
Bid Ask Last Change Volume P/E Market Cap
6.64 6.85 6.76 +0.08 57K 3.7 0.3B

GASS Dividend-Like Income Using Covered Calls

With GASS at 6.76, 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% 0.20 0.1
5% 0.34 0.1
10% 0.68 0.2

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 GASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 7.50 0.05 71 0.1 0.65 (9.6%)
Dec 19 7.50 0.45 162 0.3 0.65 (9.6%)
5% Yield On GASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.50 0.45 162 0.3 0.65 (9.6%)
10% Yield On GASS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 7.50 0.45 162 0.3 0.65 (9.6%)

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