GLP Dividend Type Payments

Global Partners LP Global Partners LP Common Units representing Limited dividend

Although GLP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global Partners LP Global Partners LP Common Units representing Limited 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):

Global Partners LP Global Partners LP Common Units representing Limited (GLP)
Bid Ask Last Change Volume P/E Market Cap
52.50 59.52 54.73 -0.67 69K 18 1.9B

GLP Dividend-Like Income Using Covered Calls

With GLP at 54.73, 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% 1.64 0.4
5% 2.74 0.7
10% 5.47 1.5

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 GLP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 60.00 1.00 96 1.0 0.48 (0.9%)
Dec 19 60.00 2.00 187 1.1 0.48 (0.9%)
5% Yield On GLP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 60.00 1.00 96 1.0 0.48 (0.9%)
Dec 19 60.00 2.00 187 1.1 0.48 (0.9%)

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