HIVE Dividend Type Payments
Although HIVE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Hive Blockchain Technologies Ltd. - Common Shares 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):
Hive Blockchain Technologies Ltd. - Common Shares (HIVE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
4.46 | 4.48 | 4.43 | +0.12 | 5.6M | - | 0.4B |
HIVE Dividend-Like Income Using Covered Calls
With HIVE at 4.43, 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% | 0.13 | 0.0 |
5% | 0.22 | 0.1 |
10% | 0.44 | 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 HIVE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 5.00 | 0.05 | 22 | 0.2 | 0.52 (11.7%) | |
Dec 13 | 5.00 | 0.35 | 29 | 1.2 | 0.52 (11.7%) |
5% Yield On HIVE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 5.00 | 0.05 | 22 | 0.2 | 0.52 (11.7%) | |
Dec 13 | 5.00 | 0.35 | 29 | 1.2 | 0.52 (11.7%) |
10% Yield On HIVE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 5.00 | 0.05 | 22 | 0.2 | 0.52 (11.7%) | |
Dec 13 | 5.00 | 0.35 | 29 | 1.2 | 0.52 (11.7%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
2. | SPY dividend | 7. | XLF dividend | 2. | RKLB dividend | |
3. | EEM dividend | 8. | KWEB dividend | 3. | LUNR dividend | |
4. | FXI dividend | 9. | TLT dividend | 4. | NMRA dividend | |
5. | IWM dividend | 10. | KRE dividend | 5. | CRVS dividend |
Want more examples? HIPS Dividend | HIW Dividend