GSM Dividend Type Payments
Although GSM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ferroglobe PLC - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
Ferroglobe PLC - Ordinary Shares (GSM) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
4.33 | 4.65 | 4.39 | -0.14 | 895K | 14 | 0.8B |
GSM Dividend-Like Income Using Covered Calls
With GSM at 4.39, 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% | 0.13 | 0.0 |
5% | 0.22 | 0.1 |
10% | 0.44 | 0.1 |
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 GSM Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 5.00 | 0.15 | 39 | 0.4 | 0.35 (8.0%) | |
Dec 20 | 5.00 | 0.20 | 74 | 0.3 | 0.35 (8.0%) |
5% Yield On GSM Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 5.00 | 0.15 | 39 | 0.4 | 0.35 (8.0%) | |
Dec 20 | 5.00 | 0.20 | 74 | 0.3 | 0.35 (8.0%) |
10% Yield On GSM Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 5.00 | 0.15 | 39 | 0.4 | 0.35 (8.0%) | |
Dec 20 | 5.00 | 0.20 | 74 | 0.3 | 0.35 (8.0%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | ASTS dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | IREN dividend | |
3. | FXI dividend | 8. | SMCI dividend | 3. | APLD dividend | |
4. | SPY dividend | 9. | HYG dividend | 4. | HUM dividend | |
5. | QQQ dividend | 10. | TSLA dividend | 5. | SERV dividend |
Want more examples? GSLC Dividend | GSPY Dividend