VET Dividend

Although VET has a dividend of 0.09 with an ex-dividend date of Dec 15, you can sell covered calls on Vermilion Energy Inc. Common (Canada) 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):

Vermilion Energy Inc. Common (Canada) (VET)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.68	9.00	8.93	-0.07	1.9M	-	1.0B

VET Dividend-Like Income Using Covered Calls

With VET at 8.93, 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%	0.27	0.1
5%	0.45	0.1
10%	0.89	0.2

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 VET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	10.00	0.05	29	0.2	1.00 (11.2%)
Jan 16	10.00	0.15	57	0.3	1.00 (11.2%)

5% Yield On VET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	10.00	0.05	29	0.2	1.00 (11.2%)
Jan 16	10.00	0.15	57	0.3	1.00 (11.2%)

10% Yield On VET Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	10.00	0.15	57	0.3	1.00 (11.2%)
Mar 20	10.00	0.50	120	0.4	1.00 (11.2%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	RZLT dividend
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4.	IBIT dividend	9.	GLD dividend	4.	JANX dividend
5.	QQQ dividend	10.	NFLX dividend	5.	CIFR dividend

Want more examples? VERU Dividend | VEU Dividend