GEO Dividend Type Payments
Although GEO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Geo Group Inc (The) REIT to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Geo Group Inc (The) REIT (GEO) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 14.80 | 15.00 | 14.86 | +0.29 | 2.8M | 20 | 1.8B |
GEO Dividend-Like Income Using Covered Calls
With GEO at 14.86, 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% | 0.45 | 0.1 |
| 5% | 0.74 | 0.2 |
| 10% | 1.49 | 0.4 |
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 GEO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 26 | 15.00 | 0.20 | 5 | 4.0 | 0.00 (0.0%) | |
| May 3 | 15.00 | 0.50 | 12 | 4.2 | 0.00 (0.0%) | |
| 5% Yield On GEO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 26 | 15.00 | 0.20 | 5 | 4.0 | 0.00 (0.0%) | |
| May 3 | 15.00 | 0.50 | 12 | 4.2 | 0.00 (0.0%) | |
| 10% Yield On GEO Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 26 | 15.00 | 0.20 | 5 | 4.0 | 0.00 (0.0%) | |
| May 3 | 15.00 | 0.50 | 12 | 4.2 | 0.00 (0.0%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | KWEB dividend | 1. | CVNA dividend | |
| 2. | IWM dividend | 7. | EEM dividend | 2. | FSLY dividend | |
| 3. | HYG dividend | 8. | TSLA dividend | 3. | PENN dividend | |
| 4. | QQQ dividend | 9. | SLV dividend | 4. | SNAP dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | CLSK dividend | |
Want more examples? GENE Dividend | GEOS Dividend
