HOPE Dividend Type Payments
Although HOPE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Hope Bancorp, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 12:25 PM ET):
| Hope Bancorp, Inc. (HOPE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.09 | 10.10 | 10.09 | +0.04 | 273K | 13 | 1.3B |
HOPE Dividend-Like Income Using Covered Calls
With HOPE at 10.09, 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% | 0.30 | 0.1 |
| 5% | 0.50 | 0.1 |
| 10% | 1.01 | 0.3 |
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 Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | CAPR dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | QUBT dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | COGT dividend | |
| 5. | SLV dividend | 10. | INTC dividend | 5. | ACN dividend | |
Want more examples? HOOK Dividend | HP Dividend
