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 Tue 4:16 PM ET):

Helmerich & Payne, Inc. (HP)
Bid Ask Last Change Volume P/E Market Cap
32.89 34.70 34.23 -1.48 2.8M - 3.6B

HP Dividend-Like Income Using Covered Calls

With HP at 34.23, 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% 1.03 0.3
5% 1.71 0.5
10% 3.42 0.9

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
Feb 20 35.00 0.55 11 5.0 0.30 (0.9%)
Mar 20 35.00 1.55 39 4.0 0.30 (0.9%)
5% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 35.00 0.55 11 5.0 0.30 (0.9%)
Mar 20 35.00 1.55 39 4.0 0.30 (0.9%)
10% Yield On HP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 35.00 0.55 11 5.0 0.30 (0.9%)
Mar 20 35.00 1.55 39 4.0 0.30 (0.9%)

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Want more examples? HOPE Dividend | HPE Dividend