PDM Dividend

Piedmont Office Realty, Inc dividend

Although PDM has a dividend of 0.21 with an ex-dividend date of May 30, you can sell covered calls on Piedmont Office Realty, 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):

Piedmont Office Realty, Inc (PDM)
Bid Ask Last Change Volume P/E Market Cap
16.50 20.54 20.42 -0.32 654K 21 2.6B

PDM Dividend-Like Income Using Covered Calls

With PDM at 20.42, here's a table showing how big the annual "dividend" (ie. 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% 0.61 0.2
5% 1.02 0.3
10% 2.04 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:

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Top 10 Open Interest For Jun 21 Expiration     Top 5 High Yield
1.SPY dividend 6.FXI dividend   1.BCRX dividend
2.SPX dividend 7.BAC dividend   2.LB dividend
3.EEM dividend 8.AAPL dividend   3.CARA dividend
4.QQQ dividend 9.XLF dividend   4.NIO dividend
5.EWZ dividend 10.VXX dividend   5.AMD dividend

Want more examples? PDLI Dividend | PDN Dividend