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
54.01 58.50 54.17 +0.27 1.3M 86 5.9B

GGAL Dividend-Like Income Using Covered Calls

With GGAL at 54.17, 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% 1.63 0.4
5% 2.71 0.7
10% 5.42 1.5

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 16 60.00 0.65 29 2.2 1.50 (2.8%)
Apr 17 60.00 3.30 120 2.8 1.50 (2.8%)
5% Yield On GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 60.00 0.65 29 2.2 1.50 (2.8%)
Apr 17 60.00 3.30 120 2.8 1.50 (2.8%)
10% Yield On GGAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 60.00 0.65 29 2.2 1.50 (2.8%)
Apr 17 60.00 3.30 120 2.8 1.50 (2.8%)

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