HSII Dividend Type Payments

Heidrick & Struggles International, Inc. dividend

Although HSII has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Heidrick & Struggles International, Inc. 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):

Heidrick & Struggles International, Inc. (HSII)
Bid Ask Last Change Volume P/E Market Cap
42.83 44.78 43.80 -0.39 122K 24 0.9B

HSII Dividend-Like Income Using Covered Calls

With HSII at 43.80, 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% 1.31 0.4
5% 2.19 0.6
10% 4.38 1.2

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 HSII Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 45.00 0.55 98 0.6 0.22 (0.5%)
Jul 18 45.00 1.65 190 0.9 0.22 (0.5%)
5% Yield On HSII Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 45.00 1.65 190 0.9 0.22 (0.5%)

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