RUSHA Dividend Type Payments

Rush Enterprises, Inc. - Class A dividend

Although RUSHA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Rush Enterprises, Inc. - Class A 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):

Rush Enterprises, Inc. - Class A (RUSHA)
Bid Ask Last Change Volume P/E Market Cap
51.26 55.00 53.69 -0.40 418K - 4.3B

RUSHA Dividend-Like Income Using Covered Calls

With RUSHA at 53.69, 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% 1.61 0.4
5% 2.68 0.7
10% 5.37 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:

3% Yield On RUSHA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 0.50 36 1.4 0.00 (0.0%)
Oct 17 55.00 1.60 99 1.6 0.00 (0.0%)
5% Yield On RUSHA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 55.00 0.50 36 1.4 0.00 (0.0%)
Oct 17 55.00 1.60 99 1.6 0.00 (0.0%)
10% Yield On RUSHA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 55.00 1.60 99 1.6 0.00 (0.0%)

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