HAS Dividend

Hasbro, Inc dividend

Although HAS has a dividend of 0.63 with an ex-dividend date of Jan 31, you can sell covered calls on Hasbro, Inc 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):

Hasbro, Inc (HAS)
Bid Ask Last Change Volume P/E Market Cap
78.50 81.96 82.30 -1.29 1.2M - 0.0B

HAS Dividend-Like Income Using Covered Calls

With HAS at 82.30, 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% 2.47 0.7
5% 4.12 1.1
10% 8.23 2.3

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
Dec 21 86.00 0.10 4 2.5 4.04 (4.9%)
Dec 28 87.50 0.10 11 0.9 5.54 (6.7%)
5% Yield On HAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 86.00 0.10 4 2.5 4.04 (4.9%)
Dec 28 86.50 0.25 11 2.3 4.54 (5.5%)
10% Yield On HAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 86.00 0.10 4 2.5 4.04 (4.9%)
Dec 28 86.50 0.25 11 2.3 4.54 (5.5%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.EWZ dividend   1. dividend
2.EEM dividend 7.FXI dividend   2. dividend
3.SPX dividend 8.GE dividend   3. dividend
4.QQQ dividend 9.BAC dividend   4. dividend
5.IWM dividend 10.VXX dividend   5. dividend

Want more examples? HAP Dividend | HASI Dividend