GGR Dividend Type Payments

Gogoro Inc. - Ordinary Shares dividend

Although GGR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Gogoro Inc. - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Gogoro Inc. - Ordinary Shares (GGR)
Bid Ask Last Change Volume P/E Market Cap
4.20 4.84 4.37 +0.12 30K - 0.0B

GGR Dividend-Like Income Using Covered Calls

With GGR at 4.37, 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% 0.13 0.0
5% 0.22 0.1
10% 0.44 0.1

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 GGR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 5.00 0.15 61 0.2 0.16 (3.7%)
Jan 16 5.00 0.30 89 0.3 0.16 (3.7%)
5% Yield On GGR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 5.00 0.15 61 0.2 0.16 (3.7%)
Jan 16 5.00 0.30 89 0.3 0.16 (3.7%)
10% Yield On GGR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 5.00 0.15 61 0.2 0.16 (3.7%)
Jan 16 5.00 0.30 89 0.3 0.16 (3.7%)

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