HP Dividend Type Payments

Helmerich & Payne, Inc. dividend

Although HP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Helmerich & Payne, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:30 PM ET):

Helmerich & Payne, Inc. (HP)
Bid Ask Last Change Volume P/E Market Cap
30.15 30.18 30.17 +1.21 613K - 2.9B

HP Dividend-Like Income Using Covered Calls

With HP at 30.17, 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% 0.91 0.2
5% 1.51 0.4
10% 3.02 0.8

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 HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 32.50 0.35 17 2.1 2.32 (7.7%)
Jan 16 32.50 0.95 45 2.1 2.32 (7.7%)
5% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 32.50 0.35 17 2.1 2.32 (7.7%)
Jan 16 32.50 0.95 45 2.1 2.32 (7.7%)
10% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 32.50 0.35 17 2.1 2.32 (7.7%)
Jan 16 32.50 0.95 45 2.1 2.32 (7.7%)

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Want more examples? HOPE Dividend | HPE Dividend