LAMR Dividend Type Payments

Lamar Advertising Company - Class A dividend

Although LAMR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Lamar Advertising Company - Class A 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):

Lamar Advertising Company - Class A (LAMR)
Bid Ask Last Change Volume P/E Market Cap
106.56 122.00 120.09 +0.30 938K 29 12B

LAMR Dividend-Like Income Using Covered Calls

With LAMR at 120.09, 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% 3.60 1.0
5% 6.00 1.6
10% 12.01 3.3

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 LAMR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 125.00 1.70 57 3.0 3.00 (2.5%)
Oct 17 125.00 2.65 120 2.2 3.00 (2.5%)
5% Yield On LAMR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 125.00 1.70 57 3.0 3.00 (2.5%)
Oct 17 125.00 2.65 120 2.2 3.00 (2.5%)

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