GRN Dividend Type Payments

iPath Series B Carbon Exchange-Traded Notes dividend

Although GRN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iPath Series B Carbon Exchange-Traded Notes to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:40 PM ET):

iPath Series B Carbon Exchange-Traded Notes (GRN)
Bid Ask Last Change Volume P/E Market Cap
27.19 27.54 27.36 +0.87 57K - 0.0B

GRN Dividend-Like Income Using Covered Calls

With GRN at 27.36, 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% 0.82 0.2
5% 1.37 0.4
10% 2.74 0.7

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 GRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 28.00 1.05 165 0.6 0.46 (1.7%)
5% Yield On GRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 28.00 1.05 165 0.6 0.46 (1.7%)

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