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 2:05 PM ET):

Greif Inc. Class A (GEF)
Bid Ask Last Change Volume P/E Market Cap
52.25 52.47 52.28 -1.36 46K 12 2.5B

GEF Dividend-Like Income Using Covered Calls

With GEF at 52.28, 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% 1.57 0.4
5% 2.61 0.7
10% 5.23 1.4

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 16 55.00 0.15 17 0.9 2.53 (4.8%)
Oct 17 55.00 1.55 171 0.9 2.53 (4.8%)
5% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 55.00 0.15 17 0.9 2.53 (4.8%)
Oct 17 55.00 1.55 171 0.9 2.53 (4.8%)
10% Yield On GEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 55.00 0.95 52 1.8 2.53 (4.8%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For May 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.GLD dividend   1.ZETA dividend
2.SPY dividend 7.IWM dividend   2.ENVX dividend
3.TLT dividend 8.FXI dividend   3.TDOC dividend
4.SLV dividend 9.SNAP dividend   4.RDDT dividend
5.QQQ dividend 10.TSLA dividend   5.SMMT dividend

Want more examples? GE Dividend | GEL Dividend