GLDD Dividend Type Payments

Although GLDD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Great Lakes Dredge & Dock Corporation 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):

Great Lakes Dredge & Dock Corporation (GLDD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
11.60	12.15	11.66	-0.28	254K	12	0.8B

GLDD Dividend-Like Income Using Covered Calls

With GLDD at 11.66, 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%	0.35	0.1
5%	0.58	0.2
10%	1.17	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 GLDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.50	0.15	50	0.3	0.35 (3.0%)
Nov 21	12.50	0.50	85	0.6	0.35 (3.0%)

5% Yield On GLDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.50	0.15	50	0.3	0.35 (3.0%)
Nov 21	12.50	0.50	85	0.6	0.35 (3.0%)

10% Yield On GLDD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	12.50	0.50	85	0.6	0.35 (3.0%)
Mar 20	12.50	0.95	204	0.5	0.35 (3.0%)

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Want more examples? GLD Dividend | GLDM Dividend