HIMX Dividend Type Payments
Although HIMX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Himax Technologies, Inc. - American depositary shares, each of which rep 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):
| Himax Technologies, Inc. - American depositary shares, each of which rep (HIMX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 7.93 | 8.15 | 8.08 | +0.34 | 1.1M | 27 | 1.5B |
HIMX Dividend-Like Income Using Covered Calls
With HIMX at 8.08, 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% | 0.24 | 0.1 |
| 5% | 0.40 | 0.1 |
| 10% | 0.81 | 0.2 |
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 HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 9.00 | 0.05 | 17 | 0.3 | 0.85 (10.5%) | |
| Jan 16 | 10.00 | 0.05 | 45 | 0.1 | 1.85 (22.9%) | |
| 5% Yield On HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 9.00 | 0.05 | 17 | 0.3 | 0.85 (10.5%) | |
| Jan 16 | 10.00 | 0.05 | 45 | 0.1 | 1.85 (22.9%) | |
| 10% Yield On HIMX Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 9.00 | 0.05 | 17 | 0.3 | 0.85 (10.5%) | |
| Jan 16 | 9.00 | 0.20 | 45 | 0.4 | 0.85 (10.5%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | SNOW dividend | |
| 2. | SPY dividend | 7. | GLD dividend | 2. | RZLT dividend | |
| 3. | IWM dividend | 8. | TLT dividend | 3. | HUT dividend | |
| 4. | QQQ dividend | 9. | SLV dividend | 4. | IOT dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | HPE dividend | |
Want more examples? HII Dividend | HIPS Dividend
