GILT Dividend Type Payments

Gilat Satellite Networks Ltd. - Ordinary Shares dividend

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 Thu 4:16 PM ET):

Gilat Satellite Networks Ltd. - Ordinary Shares (GILT)
Bid Ask Last Change Volume P/E Market Cap
11.25 11.49 11.40 +0.26 920K 25 1.1B

GILT Dividend-Like Income Using Covered Calls

With GILT at 11.40, 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% 0.34 0.1
5% 0.57 0.2
10% 1.14 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:

3% Yield On GILT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 12.50 0.50 93 0.5 1.01 (8.9%)
Mar 20 12.50 1.15 184 0.6 1.01 (8.9%)
5% Yield On GILT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 12.50 0.50 93 0.5 1.01 (8.9%)
Mar 20 12.50 1.15 184 0.6 1.01 (8.9%)
10% Yield On GILT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 12.50 0.50 93 0.5 1.01 (8.9%)
Mar 20 12.50 1.15 184 0.6 1.01 (8.9%)

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