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 Mon 4:16 PM ET):

Helmerich & Payne, Inc. (HP)
Bid Ask Last Change Volume P/E Market Cap
15.32 15.54 15.35 -0.17 1.4M 7.1 1.5B

HP Dividend-Like Income Using Covered Calls

With HP at 15.35, 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% 0.46 0.1
5% 0.77 0.2
10% 1.54 0.4

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:

3% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 17.50 0.30 26 1.2 1.96 (12.8%)
Sep 19 17.50 0.70 61 1.1 1.96 (12.8%)
5% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 17.50 0.30 26 1.2 1.96 (12.8%)
Sep 19 17.50 0.70 61 1.1 1.96 (12.8%)
10% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 17.50 0.30 26 1.2 1.96 (12.8%)
Sep 19 17.50 0.70 61 1.1 1.96 (12.8%)

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