LVS Dividend
Although LVS has a dividend of 0.20 with an ex-dividend date of Feb 10, you can sell covered calls on Las Vegas Sands Corp. 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):
| Las Vegas Sands Corp. (LVS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 45.84 | 45.92 | 45.83 | -2.41 | 9.1M | 24 | 35B |
LVS Dividend-Like Income Using Covered Calls
With LVS at 45.83, 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% | 1.37 | 0.4 |
| 5% | 2.29 | 0.6 |
| 10% | 4.58 | 1.3 |
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 LVS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 46.00 | 0.85 | 8 | 10.6 | 0.08 (0.2%) | |
| Mar 7 | 46.00 | 1.71 | 36 | 4.8 | 0.08 (0.2%) | |
| 5% Yield On LVS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 46.00 | 0.85 | 8 | 10.6 | 0.08 (0.2%) | |
| Mar 7 | 46.00 | 1.71 | 36 | 4.8 | 0.08 (0.2%) | |
| 10% Yield On LVS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 46.00 | 0.85 | 8 | 10.6 | 0.08 (0.2%) | |
| Mar 7 | 46.00 | 1.71 | 36 | 4.8 | 0.08 (0.2%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | LUMN dividend | |
| 2. | TLT dividend | 7. | SLV dividend | 2. | AFRM dividend | |
| 3. | SPY dividend | 8. | QQQ dividend | 3. | QBTS dividend | |
| 4. | IWM dividend | 9. | KWEB dividend | 4. | BYON dividend | |
| 5. | FXI dividend | 10. | IBIT dividend | 5. | SYM dividend | |
Want more examples? LUX Dividend | LW Dividend
