LYB Dividend Type Payments

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) dividend

Although LYB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 3:25 PM ET):

LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB)
Bid Ask Last Change Volume P/E Market Cap
47.49 47.52 47.51 +0.70 3.0M 60 15B

LYB Dividend-Like Income Using Covered Calls

With LYB at 47.51, 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% 1.43 0.4
5% 2.38 0.7
10% 4.75 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 LYB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 2.35 57 4.1 2.48 (5.2%)
Nov 21 50.00 1.90 29 6.6 2.48 (5.2%)
5% Yield On LYB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 2.35 57 4.1 2.48 (5.2%)
Nov 21 50.00 1.90 29 6.6 2.48 (5.2%)
10% Yield On LYB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 50.00 2.35 57 4.1 2.48 (5.2%)
Nov 21 50.00 1.90 29 6.6 2.48 (5.2%)

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