HE Dividend Type Payments

Although HE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Hawaiian Electric Industries, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:25 PM ET):

Hawaiian Electric Industries, Inc. (HE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
10.72	10.73	10.72	+0.14	2.3M	-	1.2B

HE Dividend-Like Income Using Covered Calls

With HE at 10.72, 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%	0.32	0.1
5%	0.54	0.1
10%	1.07	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 HE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	11.00	0.31	29	1.1	0.27 (2.5%)
Dec 13	11.50	0.36	36	1.0	0.77 (7.2%)

5% Yield On HE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	11.00	0.31	29	1.1	0.27 (2.5%)
Dec 13	11.50	0.36	36	1.0	0.77 (7.2%)

10% Yield On HE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	11.00	0.31	29	1.1	0.27 (2.5%)
Dec 13	11.50	0.36	36	1.0	0.77 (7.2%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
1.	FXI dividend	6.	EEM dividend	1.	GRPN dividend
2.	NVDA dividend	7.	TLT dividend	2.	ZI dividend
3.	SLV dividend	8.	TSLA dividend	3.	IONQ dividend
4.	SPY dividend	9.	XLF dividend	4.	UPST dividend
5.	IWM dividend	10.	EWZ dividend	5.	APLT dividend

Want more examples? HDV Dividend | HEAR Dividend