HTLF Dividend

Heartland Financial USA, Inc dividend

Although HTLF has a dividend of 0.05 with an ex-dividend date of Dec 20, you can sell covered calls on Heartland Financial USA, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:30 PM ET):

Heartland Financial USA, Inc (HTLF)
Bid Ask Last Change Volume P/E Market Cap
46.11 46.23 46.20 -0.64 38K - 0.0B

HTLF Dividend-Like Income Using Covered Calls

With HTLF at 46.20, 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% 1.39 0.4
5% 2.31 0.6
10% 4.62 1.3

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 HTLF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 50.00 0.95 186 0.5 3.77 (8.2%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.SPY dividend 6.EWZ dividend   1. dividend
2.EEM dividend 7.FXI dividend   2. dividend
3.SPX dividend 8.GE dividend   3. dividend
4.QQQ dividend 9.BAC dividend   4. dividend
5.IWM dividend 10.VXX dividend   5. dividend

Want more examples? HTLD Dividend | HTRB Dividend