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 Mon 4:16 PM ET):
| Hive Blockchain Technologies Ltd. - Common Shares (HIVE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 2.80 | 2.82 | 2.78 | -0.28 | 15.0M | - | 0.3B |
HIVE Dividend-Like Income Using Covered Calls
With HIVE at 2.78, 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% | 0.08 | 0.0 |
| 5% | 0.14 | 0.0 |
| 10% | 0.28 | 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 | |
| Dec 19 | 3.00 | 0.05 | 5 | 1.0 | 0.18 (6.5%) | |
| Dec 26 | 3.00 | 0.10 | 12 | 0.8 | 0.18 (6.5%) | |
| 5% Yield On HIVE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 3.00 | 0.05 | 5 | 1.0 | 0.18 (6.5%) | |
| Dec 26 | 3.00 | 0.10 | 12 | 0.8 | 0.18 (6.5%) | |
| 10% Yield On HIVE Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 3.00 | 0.05 | 5 | 1.0 | 0.18 (6.5%) | |
| Dec 26 | 3.00 | 0.10 | 12 | 0.8 | 0.18 (6.5%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | NKTR dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | TE dividend | |
| 3. | IBIT dividend | 8. | TSLA dividend | 3. | HUT dividend | |
| 4. | IWM dividend | 9. | SLV dividend | 4. | TLRY dividend | |
| 5. | QQQ dividend | 10. | NFLX dividend | 5. | BHVN dividend | |
Want more examples? HIPS Dividend | HIW Dividend
