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 Mon 2:45 PM ET):

H&E Equipment Services, Inc. (HEES)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
97.15	97.21	97.15	-0.99	458K	25	3.6B

HEES Dividend-Like Income Using Covered Calls

With HEES at 97.15, 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%	2.91	0.8
5%	4.86	1.3
10%	9.72	2.7

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
Aug 15	97.50	2.25	173	1.3	0.29 (0.3%)
May 16	100.00	1.25	82	1.5	2.79 (2.9%)

5% Yield On HEES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	100.00	1.25	82	1.5	2.79 (2.9%)
Apr 17	97.50	1.45	53	2.7	0.29 (0.3%)

10% Yield On HEES Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	97.50	1.45	53	2.7	0.29 (0.3%)
Mar 21	97.50	1.25	26	4.8	0.29 (0.3%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	LUNR dividend
2.	SPY dividend	7.	INTC dividend	2.	FUBO dividend
3.	FXI dividend	8.	QQQ dividend	3.	WOLF dividend
4.	EEM dividend	9.	SLV dividend	4.	HIMS dividend
5.	KWEB dividend	10.	TLT dividend	5.	ZETA dividend

Want more examples? HEEM Dividend | HEFA Dividend