USPH Dividend

U.S. Physical Therapy, Inc. dividend

Although USPH has a dividend of 0.45 with an ex-dividend date of Aug 22, you can sell covered calls on U.S. Physical Therapy, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:25 AM ET):

U.S. Physical Therapy, Inc. (USPH)
Bid Ask Last Change Volume P/E Market Cap
86.08 86.32 86.20 -2.32 23K 39 1.3B

USPH Dividend-Like Income Using Covered Calls

With USPH at 86.20, 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% 2.59 0.7
5% 4.31 1.2
10% 8.62 2.4

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 USPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 90.00 1.65 65 2.5 3.68 (4.3%)
Sep 19 100.00 0.30 37 0.8 13.68 (15.9%)
5% Yield On USPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 90.00 1.65 65 2.5 3.68 (4.3%)
Sep 19 90.00 0.60 37 1.6 3.68 (4.3%)
10% Yield On USPH Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 90.00 1.65 65 2.5 3.68 (4.3%)
Dec 19 90.00 4.40 128 3.4 3.68 (4.3%)

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