GOOD Dividend

Although GOOD has a dividend of 0.10 with an ex-dividend date of Jun 20, you can sell covered calls on Gladstone Commercial Corporation - Real Estate Investment Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Gladstone Commercial Corporation - Real Estate Investment Trust (GOOD)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.40	15.00	14.48	-0.18	275K	49	0.7B

GOOD Dividend-Like Income Using Covered Calls

With GOOD at 14.48, 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%	0.43	0.1
5%	0.72	0.2
10%	1.45	0.4

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
Sep 19	15.00	0.20	99	0.2	0.00 (0.0%)
Dec 19	15.00	0.45	190	0.2	0.00 (0.0%)

5% Yield On GOOD Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	15.00	0.20	99	0.2	0.00 (0.0%)
Dec 19	15.00	0.45	190	0.2	0.00 (0.0%)

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