GDOT Dividend Type Payments

Green Dot Corporation Class A, $0.001 par value dividend

Although GDOT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Green Dot Corporation Class A, $0.001 par value 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):

Green Dot Corporation Class A, $0.001 par value (GDOT)
Bid Ask Last Change Volume P/E Market Cap
9.98 10.78 10.34 -0.31 362K - 0.6B

GDOT Dividend-Like Income Using Covered Calls

With GDOT at 10.34, 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% 0.31 0.1
5% 0.52 0.1
10% 1.03 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 GDOT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 12.50 0.65 180 0.4 1.72 (16.6%)
5% Yield On GDOT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 12.50 0.65 180 0.4 1.72 (16.6%)
10% Yield On GDOT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 12.50 0.65 180 0.4 1.72 (16.6%)

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