SRG Dividend
Although SRG has a dividend of 0.25 with an ex-dividend date of Sep 27, you can sell covered calls on SERITAGE GROWTH PROPERTIES CL A 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):
| SERITAGE GROWTH PROPERTIES CL A (SRG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 44.50 | 59.99 | 49.18 | +0.38 | 140K | - | 2.7B |
SRG Dividend-Like Income Using Covered Calls
With SRG at 49.18, 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% | 1.48 | 0.4 |
| 5% | 2.46 | 0.7 |
| 10% | 4.92 | 1.3 |
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:
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| Top 10 Open Interest For Aug 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | BAC dividend | 1. | SSTK dividend | |
| 2. | EEM dividend | 7. | AABA dividend | 2. | UVXY dividend | |
| 3. | QQQ dividend | 8. | FXI dividend | 3. | VIPS dividend | |
| 4. | SPX dividend | 9. | GLD dividend | 4. | HUYA dividend | |
| 5. | XLF dividend | 10. | FB dividend | 5. | SWCH dividend | |
Want more examples? SREV Dividend | SRI Dividend
