HLNE Dividend
Although HLNE has a dividend of 0.54 with an ex-dividend date of Jun 20, 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 Wed 4:16 PM ET):
| Hamilton Lane Incorporated - Class A (HLNE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 135.50 | 203.00 | 136.98 | +1.07 | 490K | 25 | 7.3B |
HLNE Dividend-Like Income Using Covered Calls
With HLNE at 136.98, 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% | 4.11 | 1.1 |
| 5% | 6.85 | 1.9 |
| 10% | 13.70 | 3.8 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | RUN dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | CAPR dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | SWBI dividend | |
| 5. | SLV dividend | 10. | INTC dividend | 5. | QUBT dividend | |
Want more examples? HLIT Dividend | HLT Dividend
