HP Dividend

Although HP has a dividend of 0.25 with an ex-dividend date of Aug 15, you can sell covered calls on Helmerich & Payne, Inc. 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):

Helmerich & Payne, Inc. (HP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
15.42	15.73	15.42	-0.24	1.8M	7.2	1.6B

HP Dividend-Like Income Using Covered Calls

With HP at 15.42, 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%	0.46	0.1
5%	0.77	0.2
10%	1.54	0.4

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 HP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.50	0.15	12	1.3	1.77 (11.5%)
Sep 19	17.50	0.55	47	1.2	1.77 (11.5%)

5% Yield On HP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.50	0.15	12	1.3	1.77 (11.5%)
Sep 19	17.50	0.55	47	1.2	1.77 (11.5%)

10% Yield On HP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.50	0.15	12	1.3	1.77 (11.5%)
Sep 19	17.50	0.55	47	1.2	1.77 (11.5%)

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Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	SLV dividend	6.	GLD dividend	1.	HIMS dividend
2.	NVDA dividend	7.	TSLA dividend	2.	UPST dividend
3.	IWM dividend	8.	AMZN dividend	3.	APP dividend
4.	SPY dividend	9.	QQQ dividend	4.	AAOI dividend
5.	IBIT dividend	10.	INTC dividend	5.	LYFT dividend

Want more examples? HOPE Dividend | HPE Dividend