GNTX Dividend

Although GNTX has a dividend of 0.12 with an ex-dividend date of Jul 9, you can sell covered calls on Gentex Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:15 PM ET):

Gentex Corporation (GNTX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
22.76	22.77	22.77	-0.36	787K	14	5.2B

GNTX Dividend-Like Income Using Covered Calls

With GNTX at 22.77, 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%	0.68	0.2
5%	1.14	0.3
10%	2.28	0.6

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 GNTX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	25.00	0.20	75	0.3	2.23 (9.8%)
Dec 19	25.00	0.60	166	0.4	2.23 (9.8%)

5% Yield On GNTX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	25.00	0.60	166	0.4	2.23 (9.8%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	FULC dividend
2.	SLV dividend	7.	AAPL dividend	2.	CIFR dividend
3.	SPY dividend	8.	TLT dividend	3.	OKLO dividend
4.	TSLA dividend	9.	IBIT dividend	4.	TMC dividend
5.	IWM dividend	10.	QQQ dividend	5.	CELC dividend

Want more examples? GNSS Dividend | GNW Dividend