GSM Dividend

Although GSM has a dividend of 0.01 with an ex-dividend date of Jun 18, you can sell covered calls on Ferroglobe PLC - Ordinary Shares 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):

Ferroglobe PLC - Ordinary Shares (GSM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
3.80	4.18	3.92	+0.08	771K	-	0.6B

GSM Dividend-Like Income Using Covered Calls

With GSM at 3.92, 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%	0.12	0.0
5%	0.20	0.1
10%	0.39	0.1

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 GSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	5.00	0.15	215	0.1	0.82 (20.9%)

5% Yield On GSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	5.00	0.15	215	0.1	0.82 (20.9%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SLV dividend	1.	ALT dividend
2.	SPY dividend	7.	IWM dividend	2.	RUN dividend
3.	QQQ dividend	8.	TLT dividend	3.	BBAI dividend
4.	TSLA dividend	9.	AAPL dividend	4.	CAPR dividend
5.	GLD dividend	10.	INTC dividend	5.	COGT dividend

Want more examples? GSLC Dividend | GSPY Dividend