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 Mon 10:25 AM ET):

Lamar Advertising Company - Class A (LAMR)
Bid Ask Last Change Volume P/E Market Cap
132.03 132.34 132.14 -0.71 61K 31 14B

LAMR Dividend-Like Income Using Covered Calls

With LAMR at 132.14, 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% 3.96 1.1
5% 6.61 1.8
10% 13.21 3.6

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
Dec 19 135.00 0.30 12 2.5 2.66 (2.0%)
Jan 16 135.00 0.60 40 1.5 2.66 (2.0%)
5% Yield On LAMR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 135.00 0.30 12 2.5 2.66 (2.0%)
Apr 17 135.00 4.40 131 3.4 2.66 (2.0%)

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Want more examples? LAKE Dividend | LAND Dividend