BERY Dividend Type Payments

BERRY GLOBAL GROUP INC dividend

Although BERY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on BERRY GLOBAL GROUP INC to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

BERRY GLOBAL GROUP INC (BERY)
Bid Ask Last Change Volume P/E Market Cap
45.78 50.88 45.78 -0.06 830K 13 6.0B

BERY Dividend-Like Income Using Covered Calls

With BERY at 45.78, 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% 1.37 0.4
5% 2.29 0.6
10% 4.58 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:

3% Yield On BERY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 52.50 0.95 130 0.7 1.62 (3.5%)
Mar 15 55.00 0.90 214 0.4 4.12 (9.0%)
5% Yield On BERY Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 52.50 0.95 130 0.7 1.62 (3.5%)
Mar 15 52.50 1.50 214 0.7 1.62 (3.5%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
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3.QQQ dividend 8.FXI dividend   3.JWN dividend
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5.XLF dividend 10.GLD dividend   5.A dividend

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