GEF Dividend Type Payments
Although GEF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on GREIF 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):
| GREIF (GEF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 53.26 | 61.47 | 61.47 | +0.50 | 154K | 21 | 3.0B |
GEF Dividend-Like Income Using Covered Calls
With GEF at 61.47, 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% | 1.84 | 0.5 |
| 5% | 3.07 | 0.8 |
| 10% | 6.15 | 1.7 |
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 GEF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 15 | 70.00 | 0.15 | 25 | 0.6 | 8.53 (13.9%) | |
| Jul 20 | 65.00 | 1.25 | 60 | 2.1 | 3.53 (5.7%) | |
| 5% Yield On GEF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 15 | 65.00 | 0.95 | 25 | 3.8 | 3.53 (5.7%) | |
| Jul 20 | 65.00 | 1.25 | 60 | 2.1 | 3.53 (5.7%) | |
| 10% Yield On GEF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 15 | 65.00 | 0.95 | 25 | 3.8 | 3.53 (5.7%) | |
| Jul 20 | 65.00 | 1.25 | 60 | 2.1 | 3.53 (5.7%) | |
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| Top 10 Open Interest For Jun 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | QQQ dividend | 1. | URBN dividend | |
| 2. | EEM dividend | 7. | BAC dividend | 2. | CHK dividend | |
| 3. | SPX dividend | 8. | HYG dividend | 3. | UVXY dividend | |
| 4. | GE dividend | 9. | IWM dividend | 4. | GPS dividend | |
| 5. | XLF dividend | 10. | EFA dividend | 5. | TXMD dividend | |
Want more examples? GE Dividend | GEL Dividend
