GPI
Group 1 Automotive, Inc.
stock NYSE

A couple of note on dividends and taxes
ordinary income is the same as work inocme . meaning 100% is considered taxable income.
Qualified dividneds are taxed fat the long term capital gains rate. Worst case 20% of the dividend income is classified as taxable income. Ihis is a 80% less than ordinary income.
ROC dividend occurs when a fund sells shares at a loss. This is not bad if the fund earns money to offset the loss. Since there is no tax when you sell shares at a loss ROC dividend reduce the cost basis of your shares. IF the cost basis is is above zero. you owe no tax on the dividned income. If the cost basis is zero (which takes years the dividend income is taxed at the long term captial gains rate just like qualified dividneds. most covered call funds produce qualified dividends making them very tax efficient dividend funds available. The tax free period can be estimated by dividing100 by the yield .for example GPI! has a 10% yield So 100/10 =10 years.
Note there are at least 2 covered call funds that don't produce ROC dividend JEPI and JEPQ. These funds incorporate ELNs (similar to bonds) in there covered call process this means these 2 fund produce ordinary income instead of ROC dividneds. There are other out there that that also use ELN in there covered call process but I don't know the tickers.

A couple of note on dividends and taxes
ordinary income is the same as work inocme . meaning 100% is considered taxable income.
Qualified dividneds are taxed fat the long term capital gains rate. Worst case 20% of the dividend income is classified as taxable income. Ihis is a 80% less than ordinary income.
ROC dividend occurs when a fund sells shares at a loss. This is not bad if the fund earns money to offset the loss. Since there is no tax when you sell shares at a loss ROC dividend reduce the cost basis of your shares. IF the cost basis is is above zero. you owe no tax on the dividned income. If the cost basis is zero (which takes years the dividend income is taxed at the long term captial gains rate just like qualified dividneds. most covered call funds produce qualified dividends making them very tax efficient dividend funds available. The tax free period can be estimated by dividing100 by the yield .for example GPI! has a 10% yield So 100/10 =10 years.
Note there are at least 2 covered call funds that don't produce ROC dividend JEPI and JEPQ. These funds incorporate ELNs (similar to bonds) in there covered call process this means these 2 fund produce ordinary income instead of ROC dividneds. There are other out there that that also use ELN in there covered call process but I don't know the tickers.