HIG Dividend Type Payments

Although HIG has no upcoming (meaning, Board-approved and announced) dividends, 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 Thu 9:35 AM ET):

The Hartford Insurance Group, Inc. (HIG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
142.23	143.12	142.73	+0.71	14K	12	40B

HIG Dividend-Like Income Using Covered Calls

With HIG at 142.73, 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%	4.28	1.2
5%	7.14	2.0
10%	14.27	3.9

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 HIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	145.00	1.70	37	4.6	1.88 (1.3%)
Jun 18	145.00	5.70	127	4.5	1.88 (1.3%)

5% Yield On HIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	145.00	1.70	37	4.6	1.88 (1.3%)
Jun 18	145.00	5.70	127	4.5	1.88 (1.3%)

10% Yield On HIG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	145.00	1.70	37	4.6	1.88 (1.3%)
Jun 18	145.00	5.70	127	4.5	1.88 (1.3%)

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

Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SPY dividend	1.	RIVN dividend
2.	GLD dividend	7.	QQQ dividend	2.	PINS dividend
3.	SLV dividend	8.	TLT dividend	3.	AAP dividend
4.	KWEB dividend	9.	INTC dividend	4.	DKNG dividend
5.	IBIT dividend	10.	EWZ dividend	5.	OCUL dividend

Want more examples? HIBS Dividend | HII Dividend