GEF Dividend Type Payments

Greif Inc. Class A dividend

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 Wed 4:16 PM ET):

Greif Inc. Class A (GEF)
Bid Ask Last Change Volume P/E Market Cap
66.84 69.10 67.90 -0.31 230K 15 3.2B

GEF Dividend-Like Income Using Covered Calls

With GEF at 67.90, 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% 2.04 0.6
5% 3.40 0.9
10% 6.79 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
Oct 17 70.00 0.70 101 0.7 0.90 (1.3%)
Jul 18 70.00 0.10 10 1.0 0.90 (1.3%)
5% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 70.00 0.10 10 1.0 0.90 (1.3%)
Jan 16 70.00 2.55 192 1.3 0.90 (1.3%)

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