HSII Dividend
Although HSII has a dividend of 0.15 with an ex-dividend date of Aug 14, you can sell covered calls on Heidrick & Struggles International, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:00 PM ET):
| Heidrick & Struggles International, Inc. (HSII) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 45.30 | 45.61 | 45.57 | -0.09 | 40K | 28 | 0.9B |
HSII Dividend-Like Income Using Covered Calls
With HSII at 45.57, 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% | 1.37 | 0.4 |
| 5% | 2.28 | 0.6 |
| 10% | 4.56 | 1.2 |
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:
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | AAOI dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | MBX dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | GRPN dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | LYFT dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | PCT dividend | |
Want more examples? HSIC Dividend | HSMV Dividend
