GPI Dividend Type Payments

Although GPI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Group 1 Automotive, Inc. 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):

Group 1 Automotive, Inc. (GPI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
392.26	447.31	423.89	+6.24	316K	12	11B

GPI Dividend-Like Income Using Covered Calls

With GPI at 423.89, 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%	12.72	3.5
5%	21.19	5.8
10%	42.39	11.6

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 GPI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	450.00	10.50	40	26.3	2.69 (0.6%)
May 15	450.00	35.40	215	16.5	2.69 (0.6%)

5% Yield On GPI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	450.00	10.50	40	26.3	2.69 (0.6%)
May 15	450.00	35.40	215	16.5	2.69 (0.6%)

10% Yield On GPI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	450.00	10.50	40	26.3	2.69 (0.6%)
May 15	450.00	35.40	215	16.5	2.69 (0.6%)

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Want more examples? GPC Dividend | GPK Dividend