HRB Dividend Type Payments

H&R Block, Inc. dividend

Although HRB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on H&R Block, 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):

H&R Block, Inc. (HRB)
Bid Ask Last Change Volume P/E Market Cap
48.65 49.55 49.43 -0.31 1.3M 11 6.7B

HRB Dividend-Like Income Using Covered Calls

With HRB at 49.43, 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% 1.48 0.4
5% 2.47 0.7
10% 4.94 1.4

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 HRB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 1.80 47 3.8 0.45 (0.9%)
Nov 21 50.00 1.25 19 6.6 0.45 (0.9%)
5% Yield On HRB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 1.80 47 3.8 0.45 (0.9%)
Nov 21 50.00 1.25 19 6.6 0.45 (0.9%)
10% Yield On HRB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 1.80 47 3.8 0.45 (0.9%)
Nov 21 50.00 1.25 19 6.6 0.45 (0.9%)

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