LII Dividend Type Payments

Lennox International, Inc. dividend

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

Lennox International, Inc. (LII)
Bid Ask Last Change Volume P/E Market Cap
450.10 648.00 581.37 -7.79 324K 26 21B

LII Dividend-Like Income Using Covered Calls

With LII at 581.37, 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% 17.44 4.8
5% 29.07 8.0
10% 58.14 15.9

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 LII Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 650.00 22.30 151 14.8 2.00 (0.3%)
Sep 19 650.00 27.00 186 14.5 2.00 (0.3%)
5% Yield On LII Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 650.00 22.30 151 14.8 2.00 (0.3%)
Sep 19 650.00 27.00 186 14.5 2.00 (0.3%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Mar 21 Expiration     Top 5 High Yield
1.NVDA dividend 6.EEM dividend   1.WSM dividend
2.SPY dividend 7.TSLA dividend   2.ZIM dividend
3.IWM dividend 8.KWEB dividend   3.RGTI dividend
4.FXI dividend 9.INTC dividend   4.OLLI dividend
5.QQQ dividend 10.TLT dividend   5.APLD dividend

Want more examples? LI Dividend | LILA Dividend