GILT Dividend Type Payments
Although GILT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Gilat Satellite Networks Ltd. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Gilat Satellite Networks Ltd. - Ordinary Shares (GILT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 5.44 | 5.59 | 5.46 | -0.14 | 166K | 14 | 0.5B |
GILT Dividend-Like Income Using Covered Calls
With GILT at 5.46, 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% | 0.16 | 0.0 |
| 5% | 0.27 | 0.1 |
| 10% | 0.55 | 0.1 |
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 Apr 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | TLT dividend | 1. | GL dividend | |
| 2. | IWM dividend | 7. | TSLA dividend | 2. | SNAP dividend | |
| 3. | SLV dividend | 8. | AAPL dividend | 3. | NOVA dividend | |
| 4. | QQQ dividend | 9. | HYG dividend | 4. | KOS dividend | |
| 5. | FXI dividend | 10. | EEM dividend | 5. | ROOT dividend | |
Want more examples? GILD Dividend | GINN Dividend
