GOOD Dividend

GLADSTONE COMMERCIAL dividend

Although GOOD has a dividend of 0.13 with an ex-dividend date of Nov 19, you can sell covered calls on GLADSTONE COMMERCIAL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:55 PM ET):

GLADSTONE COMMERCIAL (GOOD)
Bid Ask Last Change Volume P/E Market Cap
19.60 19.63 19.61 +0.22 43K - 0.6B

GOOD Dividend-Like Income Using Covered Calls

With GOOD at 19.61, here's a table showing how big the annual "dividend" (ie. 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% 0.59 0.2
5% 0.98 0.3
10% 1.96 0.5

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 GOOD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 20.00 0.15 40 0.4 0.37 (1.9%)
Mar 15 20.00 0.40 124 0.3 0.37 (1.9%)
5% Yield On GOOD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 20.00 0.15 40 0.4 0.37 (1.9%)
Mar 15 20.00 0.40 124 0.3 0.37 (1.9%)

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