GEF Dividend Type Payments

Greif, Inc dividend

Although GEF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Greif, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:55 AM ET):

Greif, Inc (GEF)
Bid Ask Last Change Volume P/E Market Cap
38.57 38.61 38.60 -0.07 27K 13 2.3B

GEF Dividend-Like Income Using Covered Calls

With GEF at 38.60, 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% 1.16 0.3
5% 1.93 0.5
10% 3.86 1.1

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
May 17 40.00 0.35 23 1.5 1.39 (3.6%)
Jun 21 40.00 1.15 58 2.0 1.39 (3.6%)
5% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 40.00 0.35 23 1.5 1.39 (3.6%)
Jun 21 40.00 1.15 58 2.0 1.39 (3.6%)
10% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 40.00 0.35 23 1.5 1.39 (3.6%)
Jun 21 40.00 1.15 58 2.0 1.39 (3.6%)

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Top 10 Open Interest For May 17 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.MAT dividend
2.COTY dividend 7.BAC dividend   2.GRUB dividend
3.EEM dividend 8.XOP dividend   3.JNPR dividend
4.FXI dividend 9.EWZ dividend   4.AAL dividend
5.SPX dividend 10.VXXB dividend   5.F dividend

Want more examples? GE Dividend | GEL Dividend