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 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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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | GLD dividend | 1. | RARE dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | TMC dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | CELC dividend | |
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5. | IWM dividend | 10. | QQQ dividend | 5. | PRAX dividend |
Want more examples? GE Dividend | GEL Dividend