HSII Dividend Type Payments
Although HSII has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Heidrick & Struggles International, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:00 AM ET):
Heidrick & Struggles International, Inc. (HSII) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
36.51 | 37.32 | 36.91 | -0.28 | 2K | 20 | 0.8B |
HSII Dividend-Like Income Using Covered Calls
With HSII at 36.91, 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% | 1.11 | 0.3 |
5% | 1.85 | 0.5 |
10% | 3.69 | 1.0 |
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:
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | HUM dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | AEHR dividend | |
3. | FXI dividend | 8. | TSLA dividend | 3. | SERV dividend | |
4. | SPY dividend | 9. | HYG dividend | 4. | ALT dividend | |
5. | QQQ dividend | 10. | SMCI dividend | 5. | MBLY dividend |
Want more examples? HSIC Dividend | HSMV Dividend