HSII Dividend Type Payments
Although HSII has no upcoming (meaning, Board-approved and announced) dividends, 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 Fri 4:16 PM ET):
Heidrick & Struggles International, Inc. (HSII) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
29.94 | 31.07 | 30.50 | +0.96 | 101K | 11 | 0.6B |
HSII Dividend-Like Income Using Covered Calls
With HSII at 30.50, 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% | 0.92 | 0.3 |
5% | 1.53 | 0.4 |
10% | 3.05 | 0.8 |
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 HSII Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 19 | 35.00 | 0.60 | 92 | 0.7 | 3.93 (12.9%) | |
Oct 18 | 35.00 | 0.90 | 183 | 0.5 | 3.93 (12.9%) |
5% Yield On HSII Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jul 19 | 35.00 | 0.60 | 92 | 0.7 | 3.93 (12.9%) | |
Oct 18 | 35.00 | 0.90 | 183 | 0.5 | 3.93 (12.9%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | HYG dividend | 6. | KWEB dividend | 1. | CVNA dividend | |
2. | IWM dividend | 7. | EEM dividend | 2. | FSLY dividend | |
3. | FXI dividend | 8. | SLV dividend | 3. | CLSK dividend | |
4. | QQQ dividend | 9. | TSLA dividend | 4. | MARA dividend | |
5. | SPY dividend | 10. | EWZ dividend | 5. | EYPT dividend |
Want more examples? HSIC Dividend | HSMV Dividend