LLY Dividend

Although LLY has a dividend of 1.73 with an ex-dividend date of Feb 13, you can sell covered calls on Eli Lilly and Company to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Eli Lilly and Company (LLY)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
1,070.00	1,072.38	1,071.44	+14.56	5.1M	52	999B

LLY Dividend-Like Income Using Covered Calls

With LLY at 1,071.44, 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%	0.03	0.0
5%	0.05	0.0
10%	0.10	0.0

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 LLY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 26	1070.00	15.90	8	169.0	0.00 (0.0%)
Jan 2	1070.00	23.35	15	139.8	0.00 (0.0%)

5% Yield On LLY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 26	1070.00	15.90	8	169.0	0.00 (0.0%)
Jan 2	1070.00	23.35	15	139.8	0.00 (0.0%)

10% Yield On LLY Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 26	1070.00	15.90	8	169.0	0.00 (0.0%)
Jan 2	1070.00	23.35	15	139.8	0.00 (0.0%)

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

Top 10 Open Interest For Jan 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	AAPL dividend	1.	OMER dividend
2.	INTC dividend	7.	NIO dividend	2.	RARE dividend
3.	TLT dividend	8.	GLD dividend	3.	SOC dividend
4.	IBIT dividend	9.	NFLX dividend	4.	DAWN dividend
5.	SLV dividend	10.	ASST dividend	5.	EOSE dividend

Want more examples? LKQ Dividend | LMAT Dividend