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 4:16 PM ET):
| Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar (GGAL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 57.61 | 61.16 | 58.92 | -2.13 | 893K | 90 | 6.7B |
GGAL Dividend-Like Income Using Covered Calls
With GGAL at 58.92, 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% | 1.77 | 0.5 |
| 5% | 2.95 | 0.8 |
| 10% | 5.89 | 1.6 |
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 | |
| Aug 15 | 65.00 | 4.80 | 176 | 2.7 | 3.84 (6.5%) | |
| Apr 17 | 65.00 | 2.50 | 56 | 4.5 | 3.84 (6.5%) | |
| 5% Yield On GGAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 4.80 | 176 | 2.7 | 3.84 (6.5%) | |
| Apr 17 | 65.00 | 2.50 | 56 | 4.5 | 3.84 (6.5%) | |
| 10% Yield On GGAL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 65.00 | 4.80 | 176 | 2.7 | 3.84 (6.5%) | |
| Apr 17 | 65.00 | 2.50 | 56 | 4.5 | 3.84 (6.5%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | LUNR dividend | |
| 2. | FXI dividend | 7. | INTC dividend | 2. | HIMS dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | RGTI dividend | |
| 4. | EEM dividend | 9. | QQQ dividend | 4. | SOUN dividend | |
| 5. | IWM dividend | 10. | HYG dividend | 5. | WOLF dividend | |
Want more examples? GFL Dividend | GGB Dividend
