HAS Dividend

HASBRO dividend

Although HAS has a dividend of 0.63 with an ex-dividend date of Oct 31, you can sell covered calls on HASBRO to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:00 PM ET):

HASBRO (HAS)
Bid Ask Last Change Volume P/E Market Cap
98.39 98.42 98.40 +0.46 238K 59 12B

HAS Dividend-Like Income Using Covered Calls

With HAS at 98.40, here's a table showing how big the annual "dividend" (ie. 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% 2.95 0.8
5% 4.92 1.3
10% 9.84 2.7

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 HAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 101.00 0.05 4 1.3 2.58 (2.6%)
Aug 24 102.00 0.15 11 1.4 3.58 (3.6%)
5% Yield On HAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 100.00 0.10 4 2.5 1.58 (1.6%)
Aug 24 102.00 0.15 11 1.4 3.58 (3.6%)
10% Yield On HAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 99.50 0.30 4 7.5 1.08 (1.1%)
Aug 24 101.00 0.30 11 2.7 2.58 (2.6%)

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Want more examples? HAP Dividend | HASI Dividend