HURN Dividend Type Payments
Although HURN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Huron Consulting Group Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Huron Consulting Group Inc. (HURN) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
130.63 | 147.72 | 139.31 | -1.96 | 120K | 25 | 2.4B |
HURN Dividend-Like Income Using Covered Calls
With HURN at 139.31, 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% | 4.18 | 1.1 |
5% | 6.97 | 1.9 |
10% | 13.93 | 3.8 |
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 HURN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 150.00 | 3.40 | 103 | 3.3 | 2.28 (1.6%) | |
Mar 20 | 150.00 | 7.50 | 194 | 3.9 | 2.28 (1.6%) |
5% Yield On HURN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 19 | 150.00 | 3.40 | 103 | 3.3 | 2.28 (1.6%) | |
Mar 20 | 150.00 | 7.50 | 194 | 3.9 | 2.28 (1.6%) |
10% Yield On HURN Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 20 | 150.00 | 7.50 | 194 | 3.9 | 2.28 (1.6%) |
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Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IBIT dividend | 1. | PL dividend | |
2. | PCG dividend | 7. | QQQ dividend | 2. | ATYR dividend | |
3. | IWM dividend | 8. | FXI dividend | 3. | ADBE dividend | |
4. | SPY dividend | 9. | SLV dividend | 4. | QS dividend | |
5. | EEM dividend | 10. | INTC dividend | 5. | SERV dividend |
Want more examples? HUN Dividend | HUSA Dividend