RPT Dividend

Ramco-Gershenson dividend

Although RPT has a dividend of 0.22 with an ex-dividend date of Mar 19, you can sell covered calls on Ramco-Gershenson 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):

Ramco-Gershenson (RPT)
Bid Ask Last Change Volume P/E Market Cap
11.59 11.67 11.63 -0.02 677K 90 0.9B

RPT Dividend-Like Income Using Covered Calls

With RPT at 11.63, 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% 0.35 0.1
5% 0.58 0.2
10% 1.16 0.3

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 RPT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 12.50 0.10 96 0.1 0.83 (7.1%)
Sep 20 12.50 0.20 187 0.1 0.83 (7.1%)

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