GGAL Dividend Type Payments

Grupo Financiero Galicia S.A. - American Depositary Shares, Class B Shar dividend

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
50.76 54.45 51.67 -0.28 894K 61 5.7B

GGAL Dividend-Like Income Using Covered Calls

With GGAL at 51.67, 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% 1.55 0.4
5% 2.58 0.7
10% 5.17 1.4

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 55.00 1.20 50 2.4 0.55 (1.1%)
Oct 17 55.00 2.15 113 1.9 0.55 (1.1%)
5% Yield On GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 1.20 50 2.4 0.55 (1.1%)
Oct 17 55.00 2.15 113 1.9 0.55 (1.1%)
10% Yield On GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 1.20 50 2.4 0.55 (1.1%)
Oct 17 55.00 2.15 113 1.9 0.55 (1.1%)

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