GPC Dividend Type Payments

Genuine Parts Co dividend

Although GPC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Genuine Parts Co 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):

Genuine Parts Co (GPC)
Bid Ask Last Change Volume P/E Market Cap
79.09 101.99 99.54 -1.51 799K - 0.0B

GPC Dividend-Like Income Using Covered Calls

With GPC at 99.54, here's a table showing how big the annual "dividend" (ie. 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% 2.99 0.8
5% 4.98 1.4
10% 9.95 2.7

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 GPC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 14 103.00 0.15 8 1.9 1.01 (1.0%)
Dec 21 106.00 0.15 15 1.0 4.01 (4.0%)
5% Yield On GPC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 14 103.00 0.15 8 1.9 1.01 (1.0%)
Dec 21 104.00 0.30 15 2.0 2.01 (2.0%)
10% Yield On GPC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 14 102.00 0.35 8 4.4 0.01 (0.0%)
Dec 21 102.00 0.75 15 5.0 0.01 (0.0%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.IWM dividend   1. dividend
2.EEM dividend 7.FXI dividend   2. dividend
3.SPX dividend 8.GE dividend   3. dividend
4.QQQ dividend 9.USO dividend   4. dividend
5.EWZ dividend 10.VXX dividend   5. dividend

Want more examples? GOV Dividend | GPI Dividend