NGVC Dividend Type Payments

Although NGVC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Natural Grocers by Vitamin Cottage, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Natural Grocers by Vitamin Cottage, Inc. (NGVC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
16.08	16.79	16.33	-0.08	29K	14	0.4B

NGVC Dividend-Like Income Using Covered Calls

With NGVC at 16.33, 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%	0.49	0.1
5%	0.82	0.2
10%	1.63	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 NGVC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	17.50	0.50	32	1.6	0.71 (4.3%)
Jun 21	19.00	0.20	67	0.3	2.21 (13.5%)

5% Yield On NGVC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	17.50	0.50	32	1.6	0.71 (4.3%)
Jun 21	19.00	0.20	67	0.3	2.21 (13.5%)

10% Yield On NGVC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	17.50	0.50	32	1.6	0.71 (4.3%)
Sep 20	17.50	0.85	158	0.5	0.71 (4.3%)

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Want more examples? NGS Dividend | NGVT Dividend