THC Dividend Type Payments

Although THC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Tenet Healthcare Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:35 AM ET):

Tenet Healthcare Corporation (THC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
212.31	212.50	212.40	+3.26	329K	14	18B

THC Dividend-Like Income Using Covered Calls

With THC at 212.40, 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%	6.37	1.7
5%	10.62	2.9
10%	21.24	5.8

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 THC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	7.40	51	14.5	7.50 (3.5%)
Nov 21	220.00	4.10	23	17.8	7.50 (3.5%)

5% Yield On THC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	7.40	51	14.5	7.50 (3.5%)
Nov 21	220.00	4.10	23	17.8	7.50 (3.5%)

10% Yield On THC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	7.40	51	14.5	7.50 (3.5%)
Nov 21	220.00	4.10	23	17.8	7.50 (3.5%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	INTC dividend	1.	IREN dividend
2.	KVUE dividend	7.	TLT dividend	2.	GHRS dividend
3.	NVDA dividend	8.	HYG dividend	3.	SOUN dividend
4.	SLV dividend	9.	EEM dividend	4.	ALGN dividend
5.	GLD dividend	10.	ASST dividend	5.	TERN dividend

Want more examples? TGTX Dividend | THD Dividend