HCA Dividend

HCA HEALTH CARE INC dividend

Although HCA has a dividend of 0.35 with an ex-dividend date of Aug 31, you can sell covered calls on HCA HEALTH CARE 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):

HCA HEALTH CARE INC (HCA)
Bid Ask Last Change Volume P/E Market Cap
125.00 135.00 130.01 +1.36 1.0M 16 45B

HCA Dividend-Like Income Using Covered Calls

With HCA at 130.01, 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% 3.90 1.1
5% 6.50 1.8
10% 13.00 3.6

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 HCA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 31 135.00 0.30 18 1.7 0.00 (0.0%)
Sep 7 136.00 0.30 25 1.2 1.00 (0.8%)
5% Yield On HCA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 7 135.00 0.45 25 1.8 0.00 (0.0%)
Sep 14 135.00 0.70 32 2.2 0.00 (0.0%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
2.EEM dividend 7.AABA dividend   2.UVXY dividend
3.QQQ dividend 8.FXI dividend   3.JWN dividend
4.SPX dividend 9.FB dividend   4.CGC dividend
5.XLF dividend 10.GLD dividend   5.A dividend

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