HUBB Dividend Type Payments

Hubbell Inc dividend

Although HUBB has no upcoming (meaning, Board-approved and announced) dividends, 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 Tue 2:50 PM ET):

Hubbell Inc (HUBB)
Bid Ask Last Change Volume P/E Market Cap
454.47 455.23 454.86 +3.83 185K 28 24B

HUBB Dividend-Like Income Using Covered Calls

With HUBB at 454.86, 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% 13.65 3.7
5% 22.74 6.2
10% 45.49 12.5

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
Jan 16 460.00 9.40 25 37.6 4.77 (1.0%)
Jun 18 460.00 38.30 178 21.5 4.77 (1.0%)
5% Yield On HUBB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 460.00 9.40 25 37.6 4.77 (1.0%)
Jun 18 460.00 38.30 178 21.5 4.77 (1.0%)
10% Yield On HUBB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 460.00 9.40 25 37.6 4.77 (1.0%)
Jun 18 460.00 38.30 178 21.5 4.77 (1.0%)

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