HESM Dividend

Although HESM has a dividend of 0.76 with an ex-dividend date of Nov 6, you can sell covered calls on Hess Midstream LP Class A Representing Limited Partner Interests to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Hess Midstream LP Class A Representing Limited Partner Interests (HESM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.97	34.65	33.95	-0.19	1.6M	13	4.5B

HESM Dividend-Like Income Using Covered Calls

With HESM at 33.95, 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%	1.02	0.3
5%	1.70	0.5
10%	3.40	0.9

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 HESM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	0.30	50	0.6	0.35 (1.0%)
Nov 21	35.00	0.15	22	0.7	0.35 (1.0%)

5% Yield On HESM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	35.00	0.30	50	0.6	0.35 (1.0%)
Nov 21	35.00	0.15	22	0.7	0.35 (1.0%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	GHRS dividend
2.	KVUE dividend	7.	TLT dividend	2.	IREN dividend
3.	NVDA dividend	8.	ASST dividend	3.	SRPT dividend
4.	SLV dividend	9.	EEM dividend	4.	UPST dividend
5.	GLD dividend	10.	HYG dividend	5.	HUT dividend

Want more examples? HERO Dividend | HEWJ Dividend