HLNE Dividend
Although HLNE has a dividend of 0.54 with an ex-dividend date of Dec 19, 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 Wed 4:16 PM ET):
| Hamilton Lane Incorporated - Class A (HLNE) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 110.12 | 198.38 | 123.04 | +1.89 | 381K | 22 | 6.8B |
HLNE Dividend-Like Income Using Covered Calls
With HLNE at 123.04, 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% | 3.69 | 1.0 |
| 5% | 6.15 | 1.7 |
| 10% | 12.30 | 3.4 |
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:
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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? HLIT Dividend | HLT Dividend
