UHAL Dividend Type Payments

U-Haul Holding Company dividend

Although UHAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on U-Haul Holding Company 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):

U-Haul Holding Company (UHAL)
Bid Ask Last Change Volume P/E Market Cap
60.90 68.23 63.82 -0.50 102K 28 1.3B

UHAL Dividend-Like Income Using Covered Calls

With UHAL at 63.82, 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% 1.91 0.5
5% 3.19 0.9
10% 6.38 1.7

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 UHAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 2.50 225 1.1 1.77 (2.8%)
Jun 20 70.00 0.75 43 1.7 1.77 (2.8%)
5% Yield On UHAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 2.50 225 1.1 1.77 (2.8%)
Jun 20 70.00 0.75 43 1.7 1.77 (2.8%)

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