HLI Dividend

Although HLI has a dividend of 0.60 with an ex-dividend date of Sep 2, you can sell covered calls on Houlihan Lokey, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Houlihan Lokey, Inc. Class A (HLI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
180.12	198.69	189.79	-0.87	356K	33	13B

HLI Dividend-Like Income Using Covered Calls

With HLI at 189.79, 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%	5.69	1.6
5%	9.49	2.6
10%	18.98	5.2

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 HLI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	200.00	5.20	141	3.7	1.31 (0.7%)
Mar 20	200.00	9.00	232	3.9	1.31 (0.7%)

5% Yield On HLI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	200.00	5.20	141	3.7	1.31 (0.7%)
Mar 20	200.00	9.00	232	3.9	1.31 (0.7%)

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Want more examples? HLF Dividend | HLIO Dividend