GBCI Dividend Type Payments
Although GBCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Glacier Bancorp, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Glacier Bancorp, Inc. (GBCI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 50.39 | 51.41 | 50.39 | +0.04 | 526K | 31 | 5.7B |
GBCI Dividend-Like Income Using Covered Calls
With GBCI at 50.39, 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% | 1.51 | 0.4 |
| 5% | 2.52 | 0.7 |
| 10% | 5.04 | 1.4 |
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 GBCI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 55.00 | 0.55 | 102 | 0.5 | 3.59 (7.1%) | |
| Jul 18 | 55.00 | 1.00 | 194 | 0.5 | 3.59 (7.1%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | XLF dividend | 1. | JSPR dividend | |
| 2. | SLV dividend | 7. | SPY dividend | 2. | QBTS dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | QSI dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | IONQ dividend | |
| 5. | INTC dividend | 10. | QQQ dividend | 5. | HCAT dividend | |
Want more examples? GB Dividend | GBDC Dividend
