HMY Dividend Type Payments
Although HMY has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Harmony Gold Mining Company Limited to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:05 AM ET):
| Harmony Gold Mining Company Limited (HMY) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 21.45 | 21.47 | 21.46 | +0.18 | 743K | - | 12B |
HMY Dividend-Like Income Using Covered Calls
With HMY at 21.46, 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% | 0.64 | 0.2 |
| 5% | 1.07 | 0.3 |
| 10% | 2.15 | 0.6 |
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 HMY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 22.00 | 0.55 | 10 | 5.5 | 0.53 (2.5%) | |
| Mar 20 | 22.00 | 1.35 | 38 | 3.6 | 0.53 (2.5%) | |
| 5% Yield On HMY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 22.00 | 0.55 | 10 | 5.5 | 0.53 (2.5%) | |
| Mar 20 | 22.00 | 1.35 | 38 | 3.6 | 0.53 (2.5%) | |
| 10% Yield On HMY Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 22.00 | 0.55 | 10 | 5.5 | 0.53 (2.5%) | |
| Mar 20 | 22.00 | 1.35 | 38 | 3.6 | 0.53 (2.5%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | PINS dividend | |
| 2. | NVDA dividend | 7. | SPY dividend | 2. | RIVN dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | AAP dividend | |
| 4. | GLD dividend | 9. | TLT dividend | 4. | QS dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | NBIS dividend | |
Want more examples? HMOP Dividend | HNI Dividend
