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
12.62 12.93 12.88 -0.32 1.6M - 2.0B

OI Dividend-Like Income Using Covered Calls

With OI at 12.88, 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% 0.39 0.1
5% 0.64 0.2
10% 1.29 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
Dec 19 13.00 0.65 43 1.5 0.07 (0.5%)
Nov 21 13.00 0.35 15 2.3 0.07 (0.5%)
5% Yield On OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 13.00 0.65 43 1.5 0.07 (0.5%)
Nov 21 13.00 0.35 15 2.3 0.07 (0.5%)
10% Yield On OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 13.00 0.65 43 1.5 0.07 (0.5%)
Nov 21 13.00 0.35 15 2.3 0.07 (0.5%)

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Want more examples? OHI Dividend | OIH Dividend