HP Dividend

Although HP has a dividend of 0.25 with an ex-dividend date of Nov 18, 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 9:50 AM ET):

Helmerich & Payne, Inc. (HP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
26.30	26.45	26.38	+0.26	28K	-	2.6B

HP Dividend-Like Income Using Covered Calls

With HP at 26.38, 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%	0.79	0.2
5%	1.32	0.4
10%	2.64	0.7

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	27.50	1.20	45	2.7	1.05 (4.0%)
Nov 21	27.50	0.70	17	4.1	1.05 (4.0%)

5% Yield On HP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	27.50	1.20	45	2.7	1.05 (4.0%)
Nov 21	27.50	0.70	17	4.1	1.05 (4.0%)

10% Yield On HP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	27.50	1.20	45	2.7	1.05 (4.0%)
Nov 21	27.50	0.70	17	4.1	1.05 (4.0%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	TTD dividend
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3.	NVDA dividend	8.	ASST dividend	3.	LCID dividend
4.	SLV dividend	9.	HYG dividend	4.	ENVX dividend
5.	GLD dividend	10.	SPY dividend	5.	HUT dividend

Want more examples? HOPE Dividend | HPE Dividend