NHI Dividend Type Payments
Although NHI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on National Health Investors, Inc. 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):
National Health Investors, Inc. (NHI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
71.58 | 75.28 | 73.77 | -0.50 | 218K | 24 | 3.4B |
NHI Dividend-Like Income Using Covered Calls
With NHI at 73.77, 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% | 2.21 | 0.6 |
5% | 3.69 | 1.0 |
10% | 7.38 | 2.0 |
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 NHI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 75.00 | 2.50 | 199 | 1.1 | 0.00 (0.0%) | |
Jul 18 | 75.00 | 1.25 | 108 | 0.9 | 0.00 (0.0%) |
5% Yield On NHI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 17 | 75.00 | 2.50 | 199 | 1.1 | 0.00 (0.0%) |
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Top 10 Open Interest For Apr 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | QBTS dividend | |
2. | SPY dividend | 7. | NIO dividend | 2. | OKLO dividend | |
3. | SLV dividend | 8. | EEM dividend | 3. | IONQ dividend | |
4. | ASHR dividend | 9. | TLT dividend | 4. | RIOT dividend | |
5. | QQQ dividend | 10. | TSLA dividend | 5. | IREN dividend |
Want more examples? NHC Dividend | NHTC Dividend