HRTG Dividend Type Payments

Although HRTG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Heritage Insurance Holdings, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Heritage Insurance Holdings, Inc. (HRTG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
21.30	22.57	21.64	+0.33	291K	8.4	1.3B

HRTG Dividend-Like Income Using Covered Calls

With HRTG at 21.64, 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%	0.65	0.2
5%	1.08	0.3
10%	2.16	0.6

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 HRTG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	22.50	0.95	31	2.8	0.00 (0.0%)
Sep 19	22.50	1.15	66	1.6	0.00 (0.0%)

5% Yield On HRTG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	22.50	0.95	31	2.8	0.00 (0.0%)
Sep 19	22.50	1.15	66	1.6	0.00 (0.0%)

10% Yield On HRTG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	22.50	0.95	31	2.8	0.00 (0.0%)
Sep 19	22.50	1.15	66	1.6	0.00 (0.0%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	METC dividend
2.	SLV dividend	7.	GLD dividend	2.	CELC dividend
3.	SPY dividend	8.	TLT dividend	3.	APLD dividend
4.	TSLA dividend	9.	QQQ dividend	4.	ELV dividend
5.	AAPL dividend	10.	AMZN dividend	5.	SEDG dividend

Want more examples? HROW Dividend | HRTX Dividend