GGAL Dividend Type Payments

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar dividend

Although GGAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar 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):

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar (GGAL)
Bid Ask Last Change Volume P/E Market Cap
60.50 62.77 62.71 +0.24 690K 59 6.8B

GGAL Dividend-Like Income Using Covered Calls

With GGAL at 62.71, 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% 1.88 0.5
5% 3.14 0.9
10% 6.27 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 GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 65.00 2.50 94 2.7 2.23 (3.6%)
Oct 17 65.00 4.80 157 3.1 2.23 (3.6%)
5% Yield On GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 65.00 2.50 94 2.7 2.23 (3.6%)
Oct 17 65.00 4.80 157 3.1 2.23 (3.6%)
10% Yield On GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 65.00 2.50 94 2.7 2.23 (3.6%)
Oct 17 65.00 4.80 157 3.1 2.23 (3.6%)

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