GLNG Dividend Type Payments

Although GLNG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Golar LNG Limited - Common 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):

Golar LNG Limited - Common Shares (GLNG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
37.70	43.00	42.50	+0.25	806K	88	4.6B

GLNG Dividend-Like Income Using Covered Calls

With GLNG at 42.50, 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%	1.28	0.3
5%	2.13	0.6
10%	4.25	1.2

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 GLNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	43.00	1.60	33	4.8	0.00 (0.0%)
Sep 19	43.00	3.50	96	3.6	0.00 (0.0%)

5% Yield On GLNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	43.00	1.60	33	4.8	0.00 (0.0%)
Sep 19	43.00	3.50	96	3.6	0.00 (0.0%)

10% Yield On GLNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	43.00	1.60	33	4.8	0.00 (0.0%)
Sep 19	43.00	3.50	96	3.6	0.00 (0.0%)

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Want more examples? GLL Dividend | GLOB Dividend