PH Dividend Type Payments
Although PH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Parker-Hannifin Corporation 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):
| Parker-Hannifin Corporation (PH) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 729.20 | 750.00 | 729.96 | -15.38 | 623K | 29 | 95B |
PH Dividend-Like Income Using Covered Calls
With PH at 729.96, 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% | 21.90 | 6.0 |
| 5% | 36.50 | 10.0 |
| 10% | 73.00 | 20.0 |
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:
| 3% Yield On PH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 750.00 | 15.90 | 64 | 24.8 | 0.00 (0.0%) | |
| Sep 19 | 750.00 | 9.50 | 36 | 26.4 | 0.00 (0.0%) | |
| 5% Yield On PH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 750.00 | 15.90 | 64 | 24.8 | 0.00 (0.0%) | |
| Sep 19 | 750.00 | 9.50 | 36 | 26.4 | 0.00 (0.0%) | |
| 10% Yield On PH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 750.00 | 15.90 | 64 | 24.8 | 0.00 (0.0%) | |
| Sep 19 | 750.00 | 9.50 | 36 | 26.4 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | IREN dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | KSS dividend | |
| 4. | EEM dividend | 9. | IBIT dividend | 4. | VKTX dividend | |
| 5. | SPY dividend | 10. | KWEB dividend | 5. | BBAI dividend | |
Want more examples? PGX Dividend | PHAT Dividend
