HTZ Dividend Type Payments
Although HTZ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Hertz Global Holdings, 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):
| Hertz Global Holdings, Inc (HTZ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 3.76 | 3.79 | 3.77 | -0.20 | 3.9M | - | 1.2B |
HTZ Dividend-Like Income Using Covered Calls
With HTZ at 3.77, 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% | 0.11 | 0.0 |
| 5% | 0.19 | 0.1 |
| 10% | 0.38 | 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 HTZ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 4.00 | 0.25 | 29 | 0.9 | 0.21 (5.6%) | |
| Feb 14 | 4.00 | 0.30 | 36 | 0.8 | 0.21 (5.6%) | |
| 5% Yield On HTZ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 4.00 | 0.25 | 29 | 0.9 | 0.21 (5.6%) | |
| Feb 14 | 4.00 | 0.30 | 36 | 0.8 | 0.21 (5.6%) | |
| 10% Yield On HTZ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 4.00 | 0.25 | 29 | 0.9 | 0.21 (5.6%) | |
| Feb 14 | 4.00 | 0.30 | 36 | 0.8 | 0.21 (5.6%) | |
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| Top 10 Open Interest For Jan 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | RCAT dividend | |
| 2. | SLV dividend | 7. | XLF dividend | 2. | DNA dividend | |
| 3. | AAPL dividend | 8. | IWM dividend | 3. | EVH dividend | |
| 4. | EEM dividend | 9. | TSLA dividend | 4. | CIFR dividend | |
| 5. | INTC dividend | 10. | TLT dividend | 5. | CRNC dividend | |
Want more examples? HTUS Dividend | HUBB Dividend
