HTLD Dividend Type Payments
Although HTLD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Heartland Express, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 2:45 PM ET):
| Heartland Express, Inc. (HTLD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.12 | 10.14 | 10.14 | -0.20 | 152K | 55 | 0.8B |
HTLD Dividend-Like Income Using Covered Calls
With HTLD at 10.14, 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% | 0.30 | 0.1 |
| 5% | 0.51 | 0.1 |
| 10% | 1.01 | 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 HTLD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 20 | 12.50 | 0.15 | 156 | 0.1 | 2.36 (23.3%) | |
| Dec 20 | 12.50 | 0.30 | 247 | 0.1 | 2.36 (23.3%) | |
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| Top 10 Open Interest For Apr 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | TLT dividend | 1. | DJT dividend | |
| 2. | IWM dividend | 7. | AAPL dividend | 2. | CVNA dividend | |
| 3. | QQQ dividend | 8. | FXI dividend | 3. | AVDL dividend | |
| 4. | TSLA dividend | 9. | HYG dividend | 4. | EYPT dividend | |
| 5. | SLV dividend | 10. | NVDA dividend | 5. | VNDA dividend | |
Want more examples? HTHT Dividend | HTLF Dividend
