HIG Dividend

Although HIG has a dividend of 0.60 with an ex-dividend date of Dec 1, you can sell covered calls on The Hartford Insurance Group, 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):

The Hartford Insurance Group, Inc. (HIG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
122.00	124.00	122.69	-2.28	2.6M	11	35B

HIG Dividend-Like Income Using Covered Calls

With HIG at 122.69, 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%	3.68	1.0
5%	6.13	1.7
10%	12.27	3.4

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 HIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	125.00	1.30	53	2.5	1.00 (0.8%)
Nov 21	125.00	0.65	25	2.6	1.00 (0.8%)

5% Yield On HIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	125.00	1.30	53	2.5	1.00 (0.8%)
Nov 21	125.00	0.65	25	2.6	1.00 (0.8%)

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Want more examples? HIBS Dividend | HII Dividend