HUBB Dividend

Although HUBB has a dividend of 1.32 with an ex-dividend date of Aug 29, you can sell covered calls on Hubbell 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):

Hubbell Inc (HUBB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
414.29	441.92	427.65	-10.02	508K	28	23B

HUBB Dividend-Like Income Using Covered Calls

With HUBB at 427.65, 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%	12.83	3.5
5%	21.38	5.9
10%	42.77	11.7

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 HUBB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	440.00	10.60	64	13.6	0.00 (0.0%)
Sep 19	440.00	5.50	36	9.9	0.00 (0.0%)

5% Yield On HUBB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	440.00	10.60	64	13.6	0.00 (0.0%)
Sep 19	440.00	5.50	36	9.9	0.00 (0.0%)

10% Yield On HUBB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	440.00	10.60	64	13.6	0.00 (0.0%)
Dec 19	440.00	20.10	127	14.3	0.00 (0.0%)

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Want more examples? HTZ Dividend | HUBG Dividend