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 Tue 3:55 PM ET):

GoPro, Inc. - Class A (GPRO)
Bid Ask Last Change Volume P/E Market Cap
1.29 1.30 1.29 -0.02 552K - 0.2B

GPRO Dividend-Like Income Using Covered Calls

With GPRO at 1.29, 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 GPRO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 1.50 0.05 39 0.1 0.20 (15.5%)
Jan 17 1.50 0.15 102 0.1 0.20 (15.5%)
5% Yield On GPRO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 1.50 0.05 39 0.1 0.20 (15.5%)
Jan 17 1.50 0.15 102 0.1 0.20 (15.5%)
10% Yield On GPRO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 1.50 0.05 39 0.1 0.20 (15.5%)
Jan 17 1.50 0.15 102 0.1 0.20 (15.5%)

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