RPT Dividend
Although RPT has a dividend of 0.06 with an ex-dividend date of Aug 15, you can sell covered calls on Rithm Property Trust Inc. Common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:20 PM ET):
| Rithm Property Trust Inc. Common stock (RPT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.64 | 2.65 | 2.64 | -0.05 | 58K | - | 3.5B |
RPT Dividend-Like Income Using Covered Calls
With RPT at 2.64, 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% | 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 Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | SGML dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | EVLV dividend | |
| 3. | SPY dividend | 8. | IBIT dividend | 3. | RCAT dividend | |
| 4. | TSLA dividend | 9. | AMZN dividend | 4. | CODI dividend | |
| 5. | IWM dividend | 10. | QQQ dividend | 5. | NNE dividend | |
Want more examples? RPRX Dividend | RPV Dividend
