HLI Dividend Type Payments

Although HLI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Houlihan Lokey, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Houlihan Lokey, Inc. Class A (HLI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
194.64	217.06	204.41	+1.24	299K	34	14B

HLI Dividend-Like Income Using Covered Calls

With HLI at 204.41, 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%	6.13	1.7
5%	10.22	2.8
10%	20.44	5.6

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 HLI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	3.60	94	3.8	2.94 (1.4%)
Mar 20	220.00	6.20	185	3.4	2.94 (1.4%)

5% Yield On HLI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	220.00	3.60	94	3.8	2.94 (1.4%)
Mar 20	220.00	6.20	185	3.4	2.94 (1.4%)

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4.	TSLA dividend	9.	SLV dividend	4.	QURE dividend
5.	QQQ dividend	10.	FXI dividend	5.	LDI dividend

Want more examples? HLF Dividend | HLIO Dividend