GEF Dividend

Although GEF has a dividend of 0.54 with an ex-dividend date of Jun 17, 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
60.13	68.27	63.48	-1.48	189K	15	3.1B

GEF Dividend-Like Income Using Covered Calls

With GEF at 63.48, 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%	1.90	0.5
5%	3.17	0.9
10%	6.35	1.7

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	1.20	127	0.9	1.73 (2.7%)

5% Yield On GEF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	70.00	1.20	127	0.9	1.73 (2.7%)

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Want more examples? GE Dividend | GEL Dividend