GGAL Dividend Type Payments
Although GGAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:00 PM ET):
| Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar (GGAL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 64.11 | 64.26 | 64.21 | -0.51 | 361K | 95 | 7.1B |
GGAL Dividend-Like Income Using Covered Calls
With GGAL at 64.21, 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% | 1.93 | 0.5 |
| 5% | 3.21 | 0.9 |
| 10% | 6.42 | 1.8 |
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 GGAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 65.00 | 2.75 | 22 | 12.5 | 0.74 (1.2%) | |
| Apr 17 | 65.00 | 7.30 | 112 | 6.5 | 0.74 (1.2%) | |
| 5% Yield On GGAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 65.00 | 2.75 | 22 | 12.5 | 0.74 (1.2%) | |
| Apr 17 | 65.00 | 7.30 | 112 | 6.5 | 0.74 (1.2%) | |
| 10% Yield On GGAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 65.00 | 2.75 | 22 | 12.5 | 0.74 (1.2%) | |
| Apr 17 | 65.00 | 7.30 | 112 | 6.5 | 0.74 (1.2%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | XLF dividend | 1. | NMRA dividend | |
| 2. | SLV dividend | 7. | SPY dividend | 2. | QBTS dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | QUBT dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | OKLO dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | JSPR dividend | |
Want more examples? GFL Dividend | GGB Dividend
