KRG Dividend
Although KRG has a dividend of 0.27 with an ex-dividend date of Oct 9, you can sell covered calls on Kite Realty Group Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:15 PM ET):
Kite Realty Group Trust (KRG) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
21.52 | 21.53 | 21.52 | +0.02 | 282K | 27 | 4.7B |
KRG Dividend-Like Income Using Covered Calls
With KRG at 21.52, 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% | 0.65 | 0.2 |
5% | 1.08 | 0.3 |
10% | 2.15 | 0.6 |
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 KRG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 22.50 | 0.25 | 61 | 0.4 | 0.97 (4.5%) | |
Sep 19 | 22.50 | 0.10 | 33 | 0.3 | 0.97 (4.5%) |
5% Yield On KRG Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 22.50 | 0.25 | 61 | 0.4 | 0.97 (4.5%) | |
Sep 19 | 22.50 | 0.10 | 33 | 0.3 | 0.97 (4.5%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
2. | PCG dividend | 7. | FXI dividend | 2. | MBX dividend | |
3. | IWM dividend | 8. | IBIT dividend | 3. | BHVN dividend | |
4. | SPY dividend | 9. | QQQ dividend | 4. | WULF dividend | |
5. | EEM dividend | 10. | KWEB dividend | 5. | IREN dividend |
Want more examples? KRE Dividend | KRMD Dividend