OI Dividend Type Payments

O-I Glass, Inc. dividend

Although OI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on O-I Glass, Inc. 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):

O-I Glass, Inc. (OI)
Bid Ask Last Change Volume P/E Market Cap
14.68 15.22 14.94 -0.03 911K - 2.3B

OI Dividend-Like Income Using Covered Calls

With OI at 14.94, 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% 0.75 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 OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 16.00 1.10 141 0.8 0.78 (5.2%)
Jan 16 16.00 0.05 22 0.2 0.78 (5.2%)
5% Yield On OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 16.00 1.10 141 0.8 0.78 (5.2%)
Jan 16 16.00 0.05 22 0.2 0.78 (5.2%)
10% Yield On OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 16.00 1.10 141 0.8 0.78 (5.2%)
Dec 18 17.00 1.70 358 0.5 1.78 (11.9%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Jan 16 Expiration     Top 5 High Yield
1.NVDA dividend 6.SLV dividend   1.DAWN dividend
2.INTC dividend 7.GLD dividend   2.IMRX dividend
3.TLT dividend 8.NIO dividend   3.TMC dividend
4.IBIT dividend 9.NFLX dividend   4.PGR dividend
5.AAPL dividend 10.SPY dividend   5.RARE dividend

Want more examples? OHI Dividend | OIH Dividend