UHAL Dividend Type Payments

U-Haul Holding Company dividend

Although UHAL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on U-Haul Holding Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

U-Haul Holding Company (UHAL)
Bid Ask Last Change Volume P/E Market Cap
58.50 61.78 58.94 -1.66 63K 27 1.2B

UHAL Dividend-Like Income Using Covered Calls

With UHAL at 58.94, 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% 1.77 0.5
5% 2.95 0.8
10% 5.89 1.6

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 UHAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 65.00 1.00 152 0.7 3.22 (5.5%)
Dec 19 65.00 2.50 243 1.0 3.22 (5.5%)
5% Yield On UHAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 65.00 2.50 243 1.0 3.22 (5.5%)
Jun 20 65.00 1.50 61 2.5 3.22 (5.5%)
10% Yield On UHAL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 65.00 1.50 61 2.5 3.22 (5.5%)

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