GPRO Dividend Type Payments

GoPro, Inc. - Class A dividend

Although GPRO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on GoPro, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

GoPro, Inc. - Class A (GPRO)
Bid Ask Last Change Volume P/E Market Cap
1.61 1.62 1.63 0.00 1.1M - 0.3B

GPRO Dividend-Like Income Using Covered Calls

With GPRO at 1.63, 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% 0.05 0.0
5% 0.08 0.0
10% 0.16 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 GPRO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 2.00 0.05 22 0.2 0.38 (23.3%)
Dec 26 2.00 0.05 29 0.2 0.38 (23.3%)
5% Yield On GPRO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 2.00 0.05 22 0.2 0.38 (23.3%)
Dec 26 2.00 0.05 29 0.2 0.38 (23.3%)
10% Yield On GPRO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 2.00 0.05 22 0.2 0.38 (23.3%)
Dec 26 2.00 0.05 29 0.2 0.38 (23.3%)

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Want more examples? GPRK Dividend | GPT Dividend