Invest in H&R Block for $0.29 Per Share Dividend
If you invest in H&R Block before the market closes tomorrow, you will receive a $0.29 per share dividend. This company has been performing well since January and continues to be a good investment.
Investors who are looking for a reliable dividend-paying stock may want to consider H&R Block (HRB). The tax preparation firm has been a strong performer in the Forbes Dividend Investor portfolio, and it is trading ex-dividend tomorrow. If you execute the trade before the market closes, you'll earn the $0.29 per share dividend.
H&R Block is a buy right now. The company is doing well and its stock price is on the rise.
Buy 100 HRB
Sell to Open 1 October 21 $45 Calls
Execute for Net Debit of $42.60 or lower
H&R Block is a tax preparation firm that offers assisted and do-it-yourself tax return preparation services through multiple channels. The company also distributes H&R Block-branded financial products and services.
The stock is expected to grow 2.7% this year, with earnings up 7%. The current market selloff has not impacted the stock much.
This buy write is a great way to get exposure to the housing market while also earning some income from selling options. By buying 100 shares of HRB and selling 1 October 21 call, you're able to participate in any upside potential in the stock while also collecting a premium of $2.60.
I believe that HRB will close above $45 at expiration and we would earn $2.69 per share. This would be a great return on investment for us and I believe that it is achievable.
Click here for updated bid-ask and return characteristics.
As we enter the new year, it's important to remember that investing involves risk. No investment is guaranteed to produce profits, and past performance is no guarantee of future results. However, with careful research and due diligence, it is possible to find investments that can provide income and help to grow your wealth over time. The Forbes Premium Income Report is a great resource for finding such opportunities. Every month, our team of experts scours the market for the best income-producing investments, and we share our findings with subscribers. Whether you're looking for stocks, bonds, real estate, or other assets, the Forbes Premium Income Report can help you reach your financial goals.
