NHI Dividend

Although NHI has a dividend of 0.90 with an ex-dividend date of Mar 31, you can sell covered calls on National Health Investors, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

National Health Investors, Inc. (NHI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
72.03	75.28	74.70	+0.91	124K	24	3.4B

NHI Dividend-Like Income Using Covered Calls

With NHI at 74.70, 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%	2.24	0.6
5%	3.74	1.0
10%	7.47	2.0

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:

3% Yield On NHI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	75.00	2.00	204	0.8	0.00 (0.0%)
Jul 18	75.00	2.90	113	2.3	0.00 (0.0%)

5% Yield On NHI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	75.00	2.90	113	2.3	0.00 (0.0%)

10% Yield On NHI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	75.00	2.90	113	2.3	0.00 (0.0%)

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Want more examples? NHC Dividend | NHTC Dividend