RHP Dividend Type Payments

Although RHP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on RYMAN HOSPITALITY to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:30 AM ET):

RYMAN HOSPITALITY (RHP)
Bid Ask Last Change Volume P/E Market Cap
78.26 78.36 78.32 -0.19 68K 22 4.0B

RHP Dividend-Like Income Using Covered Calls

With RHP at 78.32, 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% 2.35 0.6
5% 3.92 1.1
10% 7.83 2.1

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 RHP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 80.00 0.10 3 3.3 1.64 (2.1%)
Nov 16 85.00 0.20 31 0.6 6.64 (8.5%)
5% Yield On RHP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 80.00 0.10 3 3.3 1.64 (2.1%)
Nov 16 80.00 1.45 31 4.7 1.64 (2.1%)
10% Yield On RHP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 80.00 0.10 3 3.3 1.64 (2.1%)
Nov 16 80.00 1.45 31 4.7 1.64 (2.1%)

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Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.LLNW dividend
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5.BAC dividend 10.AMD dividend   5.GBT dividend

Want more examples? RHI Dividend | RHS Dividend