GIII Dividend Type Payments
Although GIII has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on G-III Apparel Group, LTD. 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):
| G-III Apparel Group, LTD. (GIII) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 24.52 | 27.00 | 25.06 | -1.13 | 942K | 6.5 | 1.1B |
GIII Dividend-Like Income Using Covered Calls
With GIII at 25.06, 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% | 0.75 | 0.2 |
| 5% | 1.25 | 0.3 |
| 10% | 2.51 | 0.7 |
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 GIII Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 30.00 | 0.15 | 71 | 0.2 | 3.00 (12.0%) | |
| Mar 20 | 30.00 | 0.50 | 162 | 0.3 | 3.00 (12.0%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | METC dividend | |
| 2. | IBIT dividend | 7. | IWM dividend | 2. | LTBR dividend | |
| 3. | GLD dividend | 8. | EEM dividend | 3. | BHVN dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | NTLA dividend | |
| 5. | SLV dividend | 10. | TSLA dividend | 5. | FLNC dividend | |
Want more examples? GII Dividend | GIL Dividend
