HSIC Dividend Type Payments
Although HSIC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Henry Schein, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:30 AM ET):
| Henry Schein, Inc. (HSIC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 70.88 | 70.97 | 70.92 | +1.25 | 115K | 29 | 9.0B |
HSIC Dividend-Like Income Using Covered Calls
With HSIC at 70.92, 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% | 2.13 | 0.6 |
| 5% | 3.55 | 1.0 |
| 10% | 7.09 | 1.9 |
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 HSIC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 75.00 | 1.95 | 95 | 2.1 | 4.03 (5.7%) | |
| Jul 18 | 75.00 | 4.00 | 187 | 2.1 | 4.03 (5.7%) | |
| 5% Yield On HSIC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 75.00 | 1.95 | 95 | 2.1 | 4.03 (5.7%) | |
| Jul 18 | 75.00 | 4.00 | 187 | 2.1 | 4.03 (5.7%) | |
| 10% Yield On HSIC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 75.00 | 1.95 | 95 | 2.1 | 4.03 (5.7%) | |
| Jul 18 | 75.00 | 4.00 | 187 | 2.1 | 4.03 (5.7%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | AEHR dividend | |
| 2. | SLV dividend | 7. | TSLA dividend | 2. | EVH dividend | |
| 3. | AAPL dividend | 8. | XLF dividend | 3. | SWTX dividend | |
| 4. | SPY dividend | 9. | IWM dividend | 4. | SERV dividend | |
| 5. | EEM dividend | 10. | TLT dividend | 5. | AVXL dividend | |
Want more examples? HSCZ Dividend | HSII Dividend
