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 4:16 PM ET):

Lamar Advertising Company - Class A (LAMR)
Bid Ask Last Change Volume P/E Market Cap
122.00 132.37 127.79 -0.52 504K 30 13B

LAMR Dividend-Like Income Using Covered Calls

With LAMR at 127.79, 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% 3.83 1.1
5% 6.39 1.8
10% 12.78 3.5

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 LAMR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 17 134.75 3.80 166 2.3 2.38 (1.9%)
Feb 20 134.75 1.10 19 5.8 2.38 (1.9%)
5% Yield On LAMR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 17 134.75 3.80 166 2.3 2.38 (1.9%)
Feb 20 134.75 1.10 19 5.8 2.38 (1.9%)
10% Yield On LAMR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 134.75 1.10 19 5.8 2.38 (1.9%)

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