HLNE Dividend Type Payments
Although HLNE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Hamilton Lane Incorporated - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| Hamilton Lane Incorporated - Class A (HLNE) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 60.99 |
159.38 |
152.30 |
-3.20 |
327K |
29 |
8.3B |
HLNE Dividend-Like Income Using Covered Calls
With HLNE at 152.30, 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% |
4.57 |
1.3 |
| 5% |
7.62 |
2.1 |
| 10% |
15.23 |
4.2 |
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 HLNE Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Sep 19 |
160.00 |
2.70 |
51 |
5.3 |
0.62 (0.4%) |
| Nov 21 |
160.00 |
6.50 |
114 |
5.7 |
0.62 (0.4%) |
| 5% Yield On HLNE Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Sep 19 |
160.00 |
2.70 |
51 |
5.3 |
0.62 (0.4%) |
| Nov 21 |
160.00 |
6.50 |
114 |
5.7 |
0.62 (0.4%) |
| 10% Yield On HLNE Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Sep 19 |
160.00 |
2.70 |
51 |
5.3 |
0.62 (0.4%) |
| Nov 21 |
160.00 |
6.50 |
114 |
5.7 |
0.62 (0.4%) |
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