HCAT Dividend Type Payments
Although HCAT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Health Catalyst, Inc - Common stock 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):
Health Catalyst, Inc - Common stock (HCAT) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
2.85 | 3.53 | 2.90 | +0.19 | 274K | - | 0.2B |
HCAT Dividend-Like Income Using Covered Calls
With HCAT at 2.90, 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% | 0.09 | 0.0 |
5% | 0.15 | 0.0 |
10% | 0.29 | 0.1 |
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 HCAT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jan 16 | 5.00 | 0.05 | 95 | 0.1 | 1.47 (50.7%) | |
Apr 17 | 5.00 | 0.10 | 186 | 0.1 | 1.47 (50.7%) |
5% Yield On HCAT Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jan 16 | 5.00 | 0.05 | 95 | 0.1 | 1.47 (50.7%) | |
Apr 17 | 5.00 | 0.10 | 186 | 0.1 | 1.47 (50.7%) |
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Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | AIV dividend | |
2. | IBIT dividend | 7. | INTC dividend | 2. | AREC dividend | |
3. | GLD dividend | 8. | AMZN dividend | 3. | LAC dividend | |
4. | SPY dividend | 9. | QQQ dividend | 4. | UAMY dividend | |
5. | TSLA dividend | 10. | IWM dividend | 5. | HIVE dividend |
Want more examples? HCA Dividend | HCC Dividend