LECO Dividend

Although LECO has a dividend of 0.75 with an ex-dividend date of Sep 30, you can sell covered calls on Lincoln Electric Holdings, Inc. - Common Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:35 AM ET):

Lincoln Electric Holdings, Inc. - Common Shares (LECO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
240.87	244.86	242.81	+0.70	3K	27	13B

LECO Dividend-Like Income Using Covered Calls

With LECO at 242.81, 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%	7.28	2.0
5%	12.14	3.3
10%	24.28	6.7

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 LECO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	250.00	2.70	38	7.1	5.14 (2.1%)
Dec 19	250.00	10.60	129	8.2	5.14 (2.1%)

5% Yield On LECO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	250.00	2.70	38	7.1	5.14 (2.1%)
Dec 19	250.00	10.60	129	8.2	5.14 (2.1%)

10% Yield On LECO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	250.00	2.70	38	7.1	5.14 (2.1%)
Dec 19	250.00	10.60	129	8.2	5.14 (2.1%)

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

Top 10 Open Interest For Aug 15 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IBIT dividend	1.	DLO dividend
2.	SLV dividend	7.	INTC dividend	2.	TMC dividend
3.	SPY dividend	8.	GLD dividend	3.	AAP dividend
4.	TSLA dividend	9.	AMZN dividend	4.	MBX dividend
5.	IWM dividend	10.	QQQ dividend	5.	RCAT dividend

Want more examples? LEA Dividend | LEG Dividend