GEF Dividend

Greif Inc. Class A dividend

Although GEF has a dividend of 0.56 with an ex-dividend date of Dec 18, you can sell covered calls on Greif Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:15 PM ET):

Greif Inc. Class A (GEF)
Bid Ask Last Change Volume P/E Market Cap
69.28 69.45 69.36 -0.74 101K 18 3.3B

GEF Dividend-Like Income Using Covered Calls

With GEF at 69.36, 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% 2.08 0.6
5% 3.47 1.0
10% 6.94 1.9

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
Apr 17 70.00 2.05 123 1.7 0.55 (0.8%)
Jul 17 70.00 4.10 214 1.9 0.55 (0.8%)
5% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 70.00 2.05 123 1.7 0.55 (0.8%)
Jul 17 70.00 4.10 214 1.9 0.55 (0.8%)
10% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 17 70.00 4.10 214 1.9 0.55 (0.8%)

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