GMED Dividend Type Payments

Although GMED has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Globus Medical, Inc. Class A 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):

Globus Medical, Inc. Class A (GMED)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
57.10	60.55	57.37	-0.77	1.3M	43	7.9B

GMED Dividend-Like Income Using Covered Calls

With GMED at 57.37, 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%	1.72	0.5
5%	2.87	0.8
10%	5.74	1.6

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 GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	62.50	0.40	59	0.7	1.95 (3.4%)
Jul 18	62.50	0.45	31	1.5	1.95 (3.4%)

5% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	62.50	0.45	31	1.5	1.95 (3.4%)
Sep 19	62.50	2.00	94	2.1	1.95 (3.4%)

10% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	62.50	2.00	94	2.1	1.95 (3.4%)
Dec 19	62.50	3.70	185	2.0	1.95 (3.4%)

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Want more examples? GME Dividend | GMF Dividend