GP Dividend Type Payments
Although GP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on GreenPower Motor Company Inc. - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:55 AM ET):
GreenPower Motor Company Inc. - Common Shares (GP) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
1.24 | 1.27 | 1.25 | -0.02 | 9K | - | 0.0B |
GP Dividend-Like Income Using Covered Calls
With GP at 1.25, 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% | 0.04 | 0.0 |
5% | 0.06 | 0.0 |
10% | 0.13 | 0.0 |
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 GP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 21 | 2.50 | 0.05 | 164 | 0.0 | 1.23 (98.4%) |
5% Yield On GP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 21 | 2.50 | 0.05 | 164 | 0.0 | 1.23 (98.4%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | WOLF dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | MBLY dividend | |
3. | FXI dividend | 8. | SMCI dividend | 3. | AEHR dividend | |
4. | SPY dividend | 9. | TSLA dividend | 4. | HUM dividend | |
5. | QQQ dividend | 10. | HYG dividend | 5. | FUTU dividend |
Want more examples? GOVT Dividend | GPC Dividend