NGVC Dividend

Although NGVC has a dividend of 0.12 with an ex-dividend date of May 27, 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 Mon 4:16 PM ET):

Natural Grocers by Vitamin Cottage, Inc. (NGVC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
53.58	56.61	53.64	-6.10	407K	38	1.4B

NGVC Dividend-Like Income Using Covered Calls

With NGVC at 53.64, 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%	1.61	0.4
5%	2.68	0.7
10%	5.36	1.5

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
Sep 19	60.00	1.15	131	0.9	3.39 (6.3%)
Dec 19	60.00	2.30	222	1.0	3.39 (6.3%)

5% Yield On NGVC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	60.00	1.15	131	0.9	3.39 (6.3%)
Dec 19	60.00	2.30	222	1.0	3.39 (6.3%)

10% Yield On NGVC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 20	60.00	0.60	40	1.5	3.39 (6.3%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	ZI dividend
2.	SPY dividend	7.	SLV dividend	2.	NFE dividend
3.	TLT dividend	8.	FXI dividend	3.	DOCS dividend
4.	IWM dividend	9.	GLD dividend	4.	XENE dividend
5.	QQQ dividend	10.	KWEB dividend	5.	LUNR dividend

Want more examples? NGS Dividend | NGVT Dividend