GT Dividend Type Payments

Although GT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on The Goodyear Tire & Rubber Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

The Goodyear Tire & Rubber Company (GT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
9.52	9.65	9.61	+0.16	5.5M	-	2.7B

GT Dividend-Like Income Using Covered Calls

With GT at 9.61, 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%	0.29	0.1
5%	0.48	0.1
10%	0.96	0.3

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 GT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	10.00	0.65	79	0.8	0.35 (3.6%)
Jul 17	10.00	1.05	170	0.6	0.35 (3.6%)

5% Yield On GT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	10.00	0.65	79	0.8	0.35 (3.6%)
Jul 17	10.00	1.05	170	0.6	0.35 (3.6%)

10% Yield On GT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	10.00	0.65	79	0.8	0.35 (3.6%)
Jul 17	10.00	1.05	170	0.6	0.35 (3.6%)

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