USPH Dividend Type Payments

US Physical Therapy, Inc dividend

Although USPH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on US Physical Therapy, Inc 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):

US Physical Therapy, Inc (USPH)
Bid Ask Last Change Volume P/E Market Cap
105.06 105.07 104.99 -4.18 92K 83 1.4B

USPH Dividend-Like Income Using Covered Calls

With USPH at 104.99, 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% 3.15 0.9
5% 5.25 1.4
10% 10.50 2.9

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 USPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 110.00 1.35 28 4.8 4.93 (4.7%)
May 17 120.00 0.70 57 1.2 14.93 (14.2%)
5% Yield On USPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 110.00 1.35 28 4.8 4.93 (4.7%)
May 17 115.00 1.60 57 2.8 9.93 (9.5%)
10% Yield On USPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 18 110.00 1.35 28 4.8 4.93 (4.7%)
May 17 105.00 5.50 57 9.5 0.00 (0.0%)

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