LYB Dividend Type Payments
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 4:16 PM ET):
| LyondellBasell Industries NV Ordinary Shares Class A (Netherlands) (LYB) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 53.42 | 53.69 | 53.42 | -4.51 | 10.6M | 18 | 19B |
LYB Dividend-Like Income Using Covered Calls
With LYB at 53.42, 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% | 1.60 | 0.4 |
| 5% | 2.67 | 0.7 |
| 10% | 5.34 | 1.5 |
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 | |
| Aug 15 | 55.00 | 1.05 | 15 | 7.0 | 1.31 (2.5%) | |
| Sep 19 | 55.00 | 1.90 | 50 | 3.8 | 1.31 (2.5%) | |
| 5% Yield On LYB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 55.00 | 1.05 | 15 | 7.0 | 1.31 (2.5%) | |
| Sep 19 | 55.00 | 1.90 | 50 | 3.8 | 1.31 (2.5%) | |
| 10% Yield On LYB Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 55.00 | 1.05 | 15 | 7.0 | 1.31 (2.5%) | |
| Sep 19 | 55.00 | 1.90 | 50 | 3.8 | 1.31 (2.5%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | UPST dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | PTON dividend | |
| 3. | GLD dividend | 8. | QQQ dividend | 3. | APPS dividend | |
| 4. | IWM dividend | 9. | AMZN dividend | 4. | QBTS dividend | |
| 5. | SPY dividend | 10. | AAPL dividend | 5. | LYFT dividend | |
Want more examples? LXU Dividend | LYFT Dividend
