SMA Dividend

Although SMA has a dividend of 0.14 with an ex-dividend date of Dec 31, you can sell covered calls on SmartStop Self Storage REIT, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

SmartStop Self Storage REIT, Inc. (SMA)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
32.75	34.45	32.74	-0.42	667K	-	0.0B

SMA Dividend-Like Income Using Covered Calls

With SMA at 32.74, 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%	0.98	0.3
5%	1.64	0.4
10%	3.27	0.9

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 SMA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	35.00	0.75	127	0.6	0.55 (1.7%)
Jul 17	35.00	0.65	218	0.3	0.55 (1.7%)

5% Yield On SMA Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	35.00	0.75	127	0.6	0.55 (1.7%)

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5.	QQQ dividend	10.	TSLA dividend	5.	OMER dividend

Want more examples? SM Dividend | SMB Dividend