VSEC Dividend

Although VSEC has a dividend of 0.10 with an ex-dividend date of Oct 15, you can sell covered calls on VSE Corporation 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):

VSE Corporation (VSEC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
159.00	189.63	164.51	-3.41	181K	156	3.5B

VSEC Dividend-Like Income Using Covered Calls

With VSEC at 164.51, 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%	4.94	1.4
5%	8.23	2.3
10%	16.45	4.5

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 VSEC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	190.00	1.15	71	1.6	0.37 (0.2%)
Jan 16	190.00	4.00	127	3.1	0.37 (0.2%)

5% Yield On VSEC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	190.00	4.00	127	3.1	0.37 (0.2%)
Apr 17	190.00	9.20	218	4.2	0.37 (0.2%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	ATYR dividend
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3.	IWM dividend	8.	SLV dividend	3.	IONQ dividend
4.	PCG dividend	9.	TSLA dividend	4.	QURE dividend
5.	EEM dividend	10.	FXI dividend	5.	ARCT dividend

Want more examples? VSAT Dividend | VSH Dividend