ES Dividend

Although ES has a dividend of 0.75 with an ex-dividend date of May 15, you can sell covered calls on Eversource Energy (D/B/A) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Eversource Energy (D/B/A) (ES)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
61.59	64.05	62.91	+0.66	2.7M	27	23B

ES Dividend-Like Income Using Covered Calls

With ES at 62.91, 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%	1.89	0.5
5%	3.15	0.9
10%	6.29	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 ES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	65.00	2.45	158	1.6	0.95 (1.5%)
Jul 18	65.00	1.00	67	1.5	0.95 (1.5%)

5% Yield On ES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	65.00	2.45	158	1.6	0.95 (1.5%)
Jul 18	65.00	1.00	67	1.5	0.95 (1.5%)

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Want more examples? ERY Dividend | ESBA Dividend