HTLF Dividend Type Payments
Although HTLF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Heartland Financial USA, 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):
| Heartland Financial USA, Inc. (HTLF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 22.52 | 61.90 | 56.02 | -0.15 | 111K | 39 | 2.4B |
HTLF Dividend-Like Income Using Covered Calls
With HTLF at 56.02, 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% | 1.68 | 0.5 |
| 5% | 2.80 | 0.8 |
| 10% | 5.60 | 1.5 |
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. | ASTS dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | IREN dividend | |
| 3. | FXI dividend | 8. | SMCI dividend | 3. | APLD dividend | |
| 4. | SPY dividend | 9. | HYG dividend | 4. | HUM dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | SERV dividend | |
Want more examples? HTLD Dividend | HTRB Dividend
