HSIC Dividend Type Payments

HENRY SCHEIN dividend

Although HSIC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on HENRY SCHEIN 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):

HENRY SCHEIN (HSIC)
Bid Ask Last Change Volume P/E Market Cap
69.67 80.31 79.17 +0.72 842K 29 12B

HSIC Dividend-Like Income Using Covered Calls

With HSIC at 79.17, 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% 2.38 0.7
5% 3.96 1.1
10% 7.92 2.2

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 HSIC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 80.00 1.60 37 3.5 0.00 (0.0%)
Oct 19 85.00 0.65 65 1.0 4.69 (5.9%)
5% Yield On HSIC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 80.00 1.60 37 3.5 0.00 (0.0%)
Oct 19 80.00 2.40 65 3.2 0.00 (0.0%)
10% Yield On HSIC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 80.00 1.60 37 3.5 0.00 (0.0%)
Oct 19 80.00 2.40 65 3.2 0.00 (0.0%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
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