OI Dividend Type Payments

O-I Glass, Inc. dividend

Although OI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on O-I Glass, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:20 PM ET):

O-I Glass, Inc. (OI)
Bid Ask Last Change Volume P/E Market Cap
12.15 12.17 12.16 +0.43 2.3M - 1.8B

OI Dividend-Like Income Using Covered Calls

With OI at 12.16, 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% 0.36 0.1
5% 0.61 0.2
10% 1.22 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 OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 13.00 1.25 192 0.7 0.83 (6.8%)
May 16 13.00 0.80 101 0.8 0.83 (6.8%)
5% Yield On OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 13.00 1.25 192 0.7 0.83 (6.8%)
May 16 13.00 0.80 101 0.8 0.83 (6.8%)
10% Yield On OI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 13.00 1.25 192 0.7 0.83 (6.8%)
May 16 13.00 0.80 101 0.8 0.83 (6.8%)

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Want more examples? OHI Dividend | OIH Dividend