ES Dividend Type Payments

Eversource Energy (D/B/A) dividend

Although ES has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Eversource Energy (D/B/A) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Eversource Energy (D/B/A) (ES)
Bid Ask Last Change Volume P/E Market Cap
55.24 56.28 55.98 +0.12 1.7M - 21B

ES Dividend-Like Income Using Covered Calls

With ES at 55.98, 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% 1.68 0.5
5% 2.80 0.8
10% 5.60 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 ES Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 60.00 0.70 94 0.7 3.72 (6.6%)
Jul 18 60.00 1.65 186 0.9 3.72 (6.6%)
5% Yield On ES Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 60.00 1.65 186 0.9 3.72 (6.6%)

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