LZB Dividend Type Payments

La-Z-Boy Incorporated dividend

Although LZB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on La-Z-Boy Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:45 AM ET):

La-Z-Boy Incorporated (LZB)
Bid Ask Last Change Volume P/E Market Cap
43.81 43.99 43.94 +0.62 9K 15 1.8B

LZB Dividend-Like Income Using Covered Calls

With LZB at 43.94, 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% 1.32 0.4
5% 2.20 0.6
10% 4.39 1.2

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 LZB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 45.00 1.55 66 2.3 1.01 (2.3%)
Apr 17 45.00 1.95 156 1.3 1.01 (2.3%)
5% Yield On LZB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 45.00 1.55 66 2.3 1.01 (2.3%)
Apr 17 45.00 1.95 156 1.3 1.01 (2.3%)
10% Yield On LZB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 45.00 1.55 66 2.3 1.01 (2.3%)
Apr 17 45.00 1.95 156 1.3 1.01 (2.3%)

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

 
 
Top 10 Open Interest For Nov 15 Expiration     Top 5 High Yield
1.FXI dividend 6.IWM dividend   1.AAP dividend
2.NVDA dividend 7.EEM dividend   2.ALT dividend
3.TSLA dividend 8.TLT dividend   3.NNE dividend
4.SPY dividend 9.SMCI dividend   4.TEM dividend
5.SLV dividend 10.EWZ dividend   5.DLO dividend

Want more examples? LZ Dividend | M Dividend