UHAL Dividend Type Payments
Although UHAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on U-Haul Holding Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
U-Haul Holding Company (UHAL) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
73.82 | 78.83 | 77.00 | -1.40 | 109K | 27 | 1.5B |
UHAL Dividend-Like Income Using Covered Calls
With UHAL at 77.00, 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% | 2.31 | 0.6 |
5% | 3.85 | 1.1 |
10% | 7.70 | 2.1 |
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 UHAL Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 80.00 | 1.60 | 44 | 3.6 | 1.17 (1.5%) | |
Dec 20 | 80.00 | 2.35 | 79 | 3.0 | 1.17 (1.5%) |
5% Yield On UHAL Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 80.00 | 1.60 | 44 | 3.6 | 1.17 (1.5%) | |
Dec 20 | 80.00 | 2.35 | 79 | 3.0 | 1.17 (1.5%) |
10% Yield On UHAL Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Nov 15 | 80.00 | 1.60 | 44 | 3.6 | 1.17 (1.5%) | |
Dec 20 | 80.00 | 2.35 | 79 | 3.0 | 1.17 (1.5%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | SMR dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | APLD dividend | |
3. | SPY dividend | 8. | SMCI dividend | 3. | UPST dividend | |
4. | FXI dividend | 9. | KWEB dividend | 4. | FUTU dividend | |
5. | QQQ dividend | 10. | HYG dividend | 5. | BYND dividend |
Want more examples? UGP Dividend | UHS Dividend