HEES Dividend Type Payments

H&E Equipment Services, Inc. dividend

Although HEES has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on H&E Equipment Services, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

H&E Equipment Services, Inc. (HEES)
Bid Ask Last Change Volume P/E Market Cap
55.70 63.00 59.25 -0.42 286K 15 2.2B

HEES Dividend-Like Income Using Covered Calls

With HEES at 59.25, 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% 1.78 0.5
5% 2.96 0.8
10% 5.93 1.6

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 HEES Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 65.00 0.20 38 0.5 2.00 (3.4%)
May 16 65.00 2.75 185 1.5 2.00 (3.4%)
5% Yield On HEES Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 65.00 2.75 185 1.5 2.00 (3.4%)
Feb 21 65.00 2.40 101 2.4 2.00 (3.4%)
10% Yield On HEES Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 21 65.00 2.40 101 2.4 2.00 (3.4%)

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