DOC Dividend Type Payments
Although DOC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Healthpeak Properties, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:55 AM ET):
| Healthpeak Properties, Inc. (DOC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.21 | 20.22 | 20.22 | +0.19 | 651K | 56 | 14B |
DOC Dividend-Like Income Using Covered Calls
With DOC at 20.22, 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% | 0.61 | 0.2 |
| 5% | 1.01 | 0.3 |
| 10% | 2.02 | 0.6 |
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 DOC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 22.50 | 0.55 | 218 | 0.3 | 2.28 (11.3%) | |
| Jul 18 | 22.50 | 0.30 | 127 | 0.2 | 2.28 (11.3%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | IONQ dividend | |
| 2. | SPY dividend | 7. | KWEB dividend | 2. | RCAT dividend | |
| 3. | IWM dividend | 8. | TSLA dividend | 3. | MRNA dividend | |
| 4. | FXI dividend | 9. | INTC dividend | 4. | IREN dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | PATH dividend | |
Want more examples? DNOW Dividend | DOCU Dividend
