GEF Dividend Type Payments
Although GEF has no upcoming (meaning, Board-approved and announced) dividends, 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 Fri 4:16 PM ET):
Greif Inc. Class A (GEF) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
26.12 | 65.46 | 65.30 | +0.88 | 146K | 8.4 | 3.0B |
GEF Dividend-Like Income Using Covered Calls
With GEF at 65.30, 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% | 1.96 | 0.5 |
5% | 3.27 | 0.9 |
10% | 6.53 | 1.8 |
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 | |
Oct 18 | 70.00 | 1.05 | 85 | 1.2 | 4.54 (7.0%) | |
Sep 20 | 70.00 | 0.65 | 57 | 1.1 | 4.54 (7.0%) |
5% Yield On GEF Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 70.00 | 1.05 | 85 | 1.2 | 4.54 (7.0%) | |
Sep 20 | 70.00 | 0.65 | 57 | 1.1 | 4.54 (7.0%) |
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Top 10 Open Interest For Aug 16 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | TSLA dividend | 1. | SNAP dividend | |
2. | IWM dividend | 7. | SIRI dividend | 2. | TDOC dividend | |
3. | QQQ dividend | 8. | AAPL dividend | 3. | NET dividend | |
4. | FXI dividend | 9. | AMZN dividend | 4. | CLSK dividend | |
5. | SPY dividend | 10. | SLV dividend | 5. | TEAM dividend |
Want more examples? GE Dividend | GEL Dividend