GPI Dividend Type Payments

Group 1 Automotive, Inc. dividend

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 Thu 4:16 PM ET):

Group 1 Automotive, Inc. (GPI)
Bid Ask Last Change Volume P/E Market Cap
185.85 535.10 466.00 +1.38 105K 13 12B

GPI Dividend-Like Income Using Covered Calls

With GPI at 466.00, 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% 13.98 3.8
5% 23.30 6.4
10% 46.60 12.8

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
Oct 17 540.00 5.50 107 5.1 4.90 (1.1%)
Nov 21 540.00 9.50 142 6.7 4.90 (1.1%)
5% Yield On GPI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 540.00 9.50 142 6.7 4.90 (1.1%)
May 15 540.00 27.00 317 8.5 4.90 (1.1%)

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