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 Mon 4:16 PM ET):

Globus Medical, Inc. Class A (GMED)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
87.00	89.70	89.70	-0.98	858K	29	12B

GMED Dividend-Like Income Using Covered Calls

With GMED at 89.70, 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%	2.69	0.7
5%	4.49	1.2
10%	8.97	2.5

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 GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	100.00	4.70	137	3.4	10.30 (11.5%)
Sep 18	100.00	7.20	229	3.1	10.30 (11.5%)

5% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	100.00	4.70	137	3.4	10.30 (11.5%)
Sep 18	100.00	7.20	229	3.1	10.30 (11.5%)

10% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	100.00	4.70	137	3.4	10.30 (11.5%)
Sep 18	100.00	7.20	229	3.1	10.30 (11.5%)

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Want more examples? GME Dividend | GMF Dividend