HRTG Dividend Type Payments

Heritage Insurance Holdings, Inc. dividend

Although HRTG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Heritage Insurance Holdings, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Heritage Insurance Holdings, Inc. (HRTG)
Bid Ask Last Change Volume P/E Market Cap
8.75 10.45 9.49 +0.22 238K 5.4 0.5B

HRTG Dividend-Like Income Using Covered Calls

With HRTG at 9.49, 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% 0.28 0.1
5% 0.47 0.1
10% 0.95 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:

3% Yield On HRTG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 12.50 0.30 156 0.2 2.05 (21.6%)
Dec 20 17.50 0.30 247 0.1 7.05 (74.3%)
5% Yield On HRTG Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 12.50 0.30 156 0.2 2.05 (21.6%)

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