GPN Dividend Type Payments

Global Payments Inc. dividend

Although GPN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global Payments 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):

Global Payments Inc. (GPN)
Bid Ask Last Change Volume P/E Market Cap
81.00 85.00 84.22 +1.37 1.1M 15 20B

GPN Dividend-Like Income Using Covered Calls

With GPN at 84.22, 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% 2.53 0.7
5% 4.21 1.2
10% 8.42 2.3

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 GPN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 85.00 1.25 5 25.0 0.00 (0.0%)
Nov 21 100.00 0.95 40 2.4 15.00 (17.8%)
5% Yield On GPN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 85.00 1.25 5 25.0 0.00 (0.0%)
Nov 21 100.00 0.95 40 2.4 15.00 (17.8%)
10% Yield On GPN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 85.00 1.25 5 25.0 0.00 (0.0%)
Nov 21 100.00 0.95 40 2.4 15.00 (17.8%)

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