HUBG Dividend
Although HUBG has a dividend of 0.13 with an ex-dividend date of Sep 12, you can sell covered calls on Hub Group, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| Hub Group, Inc. - Class A (HUBG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 30.00 | 57.59 | 36.41 | -0.79 | 356K | 23 | 2.3B |
HUBG Dividend-Like Income Using Covered Calls
With HUBG at 36.41, 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% | 1.09 | 0.3 |
| 5% | 1.82 | 0.5 |
| 10% | 3.64 | 1.0 |
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 Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | PCG dividend | |
| 2. | PCG dividend | 7. | QQQ dividend | 2. | ATYR dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | ADBE dividend | |
| 4. | SPY dividend | 9. | FXI dividend | 4. | CHWY dividend | |
| 5. | EEM dividend | 10. | TSLA dividend | 5. | BE dividend | |
Want more examples? HUBB Dividend | HUBS Dividend
