GTIM Dividend Type Payments
Although GTIM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Good Times Restaurants Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:45 AM ET):
| Good Times Restaurants Inc. (GTIM) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.55 | 2.65 | 2.56 | -0.05 | 0K | 2.9 | 0.0B |
GTIM Dividend-Like Income Using Covered Calls
With GTIM at 2.56, 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% | 0.08 | 0.0 |
| 5% | 0.13 | 0.0 |
| 10% | 0.26 | 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:
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | QQQ dividend | 6. | EEM dividend | 1. | SNAP dividend | |
| 2. | HYG dividend | 7. | KWEB dividend | 2. | FSLY dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | CLSK dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | WOLF dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | UPST dividend | |
Want more examples? GTHX Dividend | GTLS Dividend
