HLNE Dividend
Although HLNE has a dividend of 0.54 with an ex-dividend date of Sep 19, you can sell covered calls on Hamilton Lane Incorporated - Class A 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):
| Hamilton Lane Incorporated - Class A (HLNE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 62.39 | 204.00 | 154.54 | +1.35 | 271K | 29 | 8.5B |
HLNE Dividend-Like Income Using Covered Calls
With HLNE at 154.54, 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% | 4.64 | 1.3 |
| 5% | 7.73 | 2.1 |
| 10% | 15.45 | 4.2 |
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:
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | CAPR dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | CORZ dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | LQDA dividend | |
| 4. | IWM dividend | 9. | INTC dividend | 4. | VG dividend | |
| 5. | IBIT dividend | 10. | QQQ dividend | 5. | RCAT dividend | |
Want more examples? HLIT Dividend | HLT Dividend
