LECO Dividend

Although LECO has a dividend of 0.75 with an ex-dividend date of Jun 30, you can sell covered calls on Lincoln Electric Holdings, Inc. - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Lincoln Electric Holdings, Inc. - Common Shares (LECO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
181.00	215.00	195.33	+2.89	290K	24	11B

LECO Dividend-Like Income Using Covered Calls

With LECO at 195.33, 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%	5.86	1.6
5%	9.77	2.7
10%	19.53	5.4

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 LECO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	220.00	3.50	114	3.1	5.00 (2.6%)
Dec 19	220.00	6.90	205	3.4	5.00 (2.6%)

5% Yield On LECO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	220.00	3.50	114	3.1	5.00 (2.6%)
Dec 19	220.00	6.90	205	3.4	5.00 (2.6%)

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Want more examples? LEA Dividend | LEG Dividend