HIMX Dividend
Although HIMX has a dividend of 0.37 with an ex-dividend date of Jun 30, 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 Fri 4:16 PM ET):
| Himax Technologies, Inc. - American depositary shares, each of which rep (HIMX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 8.91 | 9.25 | 8.91 | -0.47 | 3.3M | 31 | 1.8B |
HIMX Dividend-Like Income Using Covered Calls
With HIMX at 8.91, 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% | 0.27 | 0.1 |
| 5% | 0.45 | 0.1 |
| 10% | 0.89 | 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 | |
| Aug 15 | 10.00 | 0.10 | 57 | 0.2 | 0.75 (8.4%) | |
| Jul 18 | 10.00 | 0.10 | 29 | 0.3 | 0.75 (8.4%) | |
| 5% Yield On HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 10.00 | 0.10 | 57 | 0.2 | 0.75 (8.4%) | |
| Jul 18 | 10.00 | 0.10 | 29 | 0.3 | 0.75 (8.4%) | |
| 10% Yield On HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 18 | 10.00 | 0.10 | 29 | 0.3 | 0.75 (8.4%) | |
| Sep 19 | 10.00 | 0.35 | 92 | 0.4 | 0.75 (8.4%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | TSLA dividend | 1. | ALT dividend | |
| 2. | NVDA dividend | 7. | IWM dividend | 2. | COGT dividend | |
| 3. | SPY dividend | 8. | FXI dividend | 3. | BBAI dividend | |
| 4. | GLD dividend | 9. | AAPL dividend | 4. | RUN dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | CELC dividend | |
Want more examples? HII Dividend | HIPS Dividend
