HR Dividend

Healthcare Realty Trust, Inc dividend

Although HR has a dividend of 0.30 with an ex-dividend date of Feb 21, you can sell covered calls on Healthcare Realty Trust, Inc 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):

Healthcare Realty Trust, Inc (HR)
Bid Ask Last Change Volume P/E Market Cap
25.50 32.80 32.79 +0.21 644K 326 4.1B

HR Dividend-Like Income Using Covered Calls

With HR at 32.79, here's a table showing how big the annual "dividend" (ie. 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% 0.98 0.3
5% 1.64 0.4
10% 3.28 0.9

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 HR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 35.00 0.50 183 0.3 2.20 (6.7%)

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Want more examples? HQY Dividend | HRB Dividend