HELE Dividend Type Payments

Helen of Troy Limited dividend

Although HELE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Helen of Troy Limited 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):

Helen of Troy Limited (HELE)
Bid Ask Last Change Volume P/E Market Cap
55.58 74.00 64.92 -0.79 338K 11 1.5B

HELE Dividend-Like Income Using Covered Calls

With HELE at 64.92, 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% 1.95 0.5
5% 3.25 0.9
10% 6.49 1.8

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 HELE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 75.00 0.60 36 1.7 1.00 (1.5%)
May 16 75.00 6.20 183 3.4 1.00 (1.5%)
5% Yield On HELE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 75.00 0.60 36 1.7 1.00 (1.5%)
May 16 75.00 6.20 183 3.4 1.00 (1.5%)
10% Yield On HELE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 75.00 6.20 183 3.4 1.00 (1.5%)
Jan 17 75.00 2.60 64 4.1 1.00 (1.5%)

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