HIMX Dividend Type Payments
Although HIMX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Himax Technologies, Inc. - American depositary shares, each of which rep 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):
| Himax Technologies, Inc. - American depositary shares, each of which rep (HIMX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.30 | 7.40 | 7.38 | +0.17 | 1.3M | 23 | 1.4B |
HIMX Dividend-Like Income Using Covered Calls
With HIMX at 7.38, 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% | 0.22 | 0.1 |
| 5% | 0.37 | 0.1 |
| 10% | 0.74 | 0.2 |
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 HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 8.00 | 0.20 | 39 | 0.5 | 0.60 (8.1%) | |
| Dec 19 | 10.00 | 0.15 | 130 | 0.1 | 2.60 (35.2%) | |
| 5% Yield On HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 8.00 | 0.20 | 39 | 0.5 | 0.60 (8.1%) | |
| Dec 19 | 10.00 | 0.15 | 130 | 0.1 | 2.60 (35.2%) | |
| 10% Yield On HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 8.00 | 0.20 | 39 | 0.5 | 0.60 (8.1%) | |
| Dec 19 | 8.00 | 0.55 | 130 | 0.4 | 0.60 (8.1%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ONDS dividend | |
| 2. | SLV dividend | 7. | IBIT dividend | 2. | CRWV dividend | |
| 3. | SPY dividend | 8. | GLD dividend | 3. | DLO dividend | |
| 4. | IWM dividend | 9. | AMZN dividend | 4. | GLBE dividend | |
| 5. | INTC dividend | 10. | QQQ dividend | 5. | AAP dividend | |
Want more examples? HII Dividend | HIPS Dividend
