LB Dividend Type Payments
Although LB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LandBridge Company LLC Class A Shares Representing Limited Liability Com to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:10 AM ET):
| LandBridge Company LLC Class A Shares Representing Limited Liability Com (LB) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 60.40 | 60.82 | 60.41 | +1.06 | 71K | - | 3.1B |
LB Dividend-Like Income Using Covered Calls
With LB at 60.41, 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% | 1.81 | 0.5 |
| 5% | 3.02 | 0.8 |
| 10% | 6.04 | 1.7 |
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 LB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 65.00 | 0.60 | 15 | 4.0 | 4.18 (6.9%) | |
| May 15 | 65.00 | 5.40 | 162 | 3.3 | 4.18 (6.9%) | |
| 5% Yield On LB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 65.00 | 0.60 | 15 | 4.0 | 4.18 (6.9%) | |
| May 15 | 65.00 | 5.40 | 162 | 3.3 | 4.18 (6.9%) | |
| 10% Yield On LB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 19 | 65.00 | 0.60 | 15 | 4.0 | 4.18 (6.9%) | |
| May 15 | 65.00 | 5.40 | 162 | 3.3 | 4.18 (6.9%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | RZLT dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | MRVL dividend | |
| 3. | QQQ dividend | 8. | SLV dividend | 3. | CRML dividend | |
| 4. | IWM dividend | 9. | GLD dividend | 4. | WULF dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | CRH dividend | |
Want more examples? LAZR Dividend | LBAY Dividend
