LADR Dividend Type Payments
Although LADR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ladder Capital Corp Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:05 AM ET):
| Ladder Capital Corp Class A (LADR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.90 | 10.91 | 10.90 | +0.40 | 419K | 13 | 1.4B |
LADR Dividend-Like Income Using Covered Calls
With LADR at 10.90, 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% | 0.33 | 0.1 |
| 5% | 0.55 | 0.1 |
| 10% | 1.09 | 0.3 |
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:
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | QQQ dividend | 6. | EEM dividend | 1. | FSLY dividend | |
| 2. | HYG dividend | 7. | KWEB dividend | 2. | SNAP dividend | |
| 3. | IWM dividend | 8. | SLV dividend | 3. | WOLF dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | CLSK dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | PENN dividend | |
Want more examples? LAD Dividend | LAKE Dividend
