HUBB Dividend

Although HUBB has a dividend of 1.32 with an ex-dividend date of May 30, you can sell covered calls on Hubbell Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 3:20 PM ET):

Hubbell Inc (HUBB)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
384.72	385.19	384.98	-1.68	356K	26	21B

HUBB Dividend-Like Income Using Covered Calls

With HUBB at 384.98, 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%	11.55	3.2
5%	19.25	5.3
10%	38.50	10.5

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:

3% Yield On HUBB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	390.00	1.65	3	55.0	4.81 (1.2%)
Sep 19	390.00	25.00	129	19.4	4.81 (1.2%)

5% Yield On HUBB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	390.00	1.65	3	55.0	4.81 (1.2%)
Sep 19	390.00	25.00	129	19.4	4.81 (1.2%)

10% Yield On HUBB Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	390.00	1.65	3	55.0	4.81 (1.2%)
Sep 19	390.00	25.00	129	19.4	4.81 (1.2%)

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

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	DOCS dividend
2.	SPY dividend	7.	SLV dividend	2.	CAVA dividend
3.	TLT dividend	8.	FXI dividend	3.	QUBT dividend
4.	TSLA dividend	9.	GLD dividend	4.	JACK dividend
5.	QQQ dividend	10.	INTC dividend	5.	JBLU dividend

Want more examples? HTZ Dividend | HUBG Dividend