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 12:05 PM ET):

Globus Medical, Inc. Class A (GMED)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
70.82	70.95	70.92	-1.41	240K	97	10B

GMED Dividend-Like Income Using Covered Calls

With GMED at 70.92, 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%	2.13	0.6
5%	3.55	1.0
10%	7.09	1.9

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
May 16	72.50	2.05	17	12.1	1.55 (2.2%)
Sep 19	72.50	5.00	143	3.5	1.55 (2.2%)

5% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	72.50	2.05	17	12.1	1.55 (2.2%)
Sep 19	72.50	5.00	143	3.5	1.55 (2.2%)

10% Yield On GMED Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	72.50	2.05	17	12.1	1.55 (2.2%)
Sep 19	72.50	5.00	143	3.5	1.55 (2.2%)

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