HEES Dividend Type Payments

Although HEES has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on H&E Equipment Services, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

H&E Equipment Services, Inc. (HEES)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
56.81	60.31	58.41	-0.92	170K	15	2.2B

HEES Dividend-Like Income Using Covered Calls

With HEES at 58.41, 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%	1.75	0.5
5%	2.92	0.8
10%	5.84	1.6

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 HEES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	62.50	1.20	36	3.3	2.19 (3.7%)
May 16	62.50	3.60	183	2.0	2.19 (3.7%)

5% Yield On HEES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	62.50	1.20	36	3.3	2.19 (3.7%)
May 16	62.50	3.60	183	2.0	2.19 (3.7%)

10% Yield On HEES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	62.50	1.20	36	3.3	2.19 (3.7%)
May 16	62.50	3.60	183	2.0	2.19 (3.7%)

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Want more examples? HEEM Dividend | HEFA Dividend