UHAL Dividend Type Payments
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 Wed 4:16 PM ET):
U-Haul Holding Company (UHAL) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
50.00 | 102.76 | 64.24 | +1.01 | 119K | 19 | 1.2B |
UHAL Dividend-Like Income Using Covered Calls
With UHAL at 64.24, 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% | 1.93 | 0.5 |
5% | 3.21 | 0.9 |
10% | 6.42 | 1.8 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | EEM dividend | 1. | FSLY dividend | |
2. | QQQ dividend | 7. | KWEB dividend | 2. | WOLF dividend | |
3. | HYG dividend | 8. | TSLA dividend | 3. | DASH dividend | |
4. | SPY dividend | 9. | SLV dividend | 4. | CGC dividend | |
5. | FXI dividend | 10. | AMZN dividend | 5. | DKNG dividend |
Want more examples? UGP Dividend | UHS Dividend