GLPG Dividend Type Payments

Although GLPG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Galapagos NV - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Galapagos NV - American Depositary Shares (GLPG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
24.50	29.00	26.92	0.00	485K	-	0.0B

GLPG Dividend-Like Income Using Covered Calls

With GLPG at 26.92, 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%	0.81	0.2
5%	1.35	0.4
10%	2.69	0.7

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 GLPG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	30.00	0.95	171	0.6	1.00 (3.7%)

5% Yield On GLPG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	30.00	0.95	171	0.6	1.00 (3.7%)

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