HIVE Dividend Type Payments
Although HIVE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Hive Blockchain Technologies Ltd. - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Hive Blockchain Technologies Ltd. - Common Shares (HIVE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.26 | 2.28 | 2.27 | 0.00 | 2.1M | - | 0.2B |
HIVE Dividend-Like Income Using Covered Calls
With HIVE at 2.27, 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% | 0.07 | 0.0 |
| 5% | 0.11 | 0.0 |
| 10% | 0.23 | 0.1 |
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 HIVE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 7 | 2.50 | 0.15 | 31 | 0.5 | 0.22 (9.7%) | |
| Jun 14 | 3.00 | 0.05 | 38 | 0.1 | 0.72 (31.7%) | |
| 5% Yield On HIVE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 7 | 2.50 | 0.15 | 31 | 0.5 | 0.22 (9.7%) | |
| Jun 14 | 3.00 | 0.05 | 38 | 0.1 | 0.72 (31.7%) | |
| 10% Yield On HIVE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jun 7 | 2.50 | 0.15 | 31 | 0.5 | 0.22 (9.7%) | |
| Jun 14 | 3.00 | 0.05 | 38 | 0.1 | 0.72 (31.7%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | AAOI dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | BYND dividend | |
| 3. | QQQ dividend | 8. | SLV dividend | 3. | NVAX dividend | |
| 4. | HYG dividend | 9. | TLT dividend | 4. | RBLX dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | MPW dividend | |
Want more examples? HIPS Dividend | HIW Dividend
