DHT Dividend

Although DHT has a dividend of 0.15 with an ex-dividend date of May 21, you can sell covered calls on DHT Holdings, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:30 PM ET):

DHT Holdings, Inc. (DHT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
11.83	11.84	11.84	+0.06	522K	11	2.0B

DHT Dividend-Like Income Using Covered Calls

With DHT at 11.84, 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%	0.36	0.1
5%	0.59	0.2
10%	1.18	0.3

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 DHT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.00	0.80	152	0.5	0.16 (1.4%)
Jul 18	12.00	0.50	61	0.8	0.16 (1.4%)

5% Yield On DHT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.00	0.80	152	0.5	0.16 (1.4%)
Jul 18	12.00	0.50	61	0.8	0.16 (1.4%)

10% Yield On DHT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.00	0.80	152	0.5	0.16 (1.4%)
Jul 18	12.00	0.50	61	0.8	0.16 (1.4%)

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Want more examples? DHS Dividend | DHX Dividend