LEG Dividend Type Payments

Although LEG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Leggett & Platt, Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 2:10 PM ET):

Leggett & Platt, Incorporated (LEG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
9.07	9.08	9.07	-0.04	654K	-	1.2B

LEG Dividend-Like Income Using Covered Calls

With LEG at 9.07, 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%	0.27	0.1
5%	0.45	0.1
10%	0.91	0.2

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 LEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	10.00	0.35	57	0.6	0.92 (10.1%)
Oct 17	10.00	0.60	120	0.5	0.92 (10.1%)

5% Yield On LEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	10.00	0.35	57	0.6	0.92 (10.1%)
Oct 17	10.00	0.60	120	0.5	0.92 (10.1%)

10% Yield On LEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	10.00	0.35	57	0.6	0.92 (10.1%)
Oct 17	10.00	0.60	120	0.5	0.92 (10.1%)

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

Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	SLV dividend	6.	TSLA dividend	1.	ALT dividend
2.	NVDA dividend	7.	IWM dividend	2.	COGT dividend
3.	SPY dividend	8.	FXI dividend	3.	CELC dividend
4.	GLD dividend	9.	AAPL dividend	4.	QUBT dividend
5.	TLT dividend	10.	CLSK dividend	5.	QBTS dividend

Want more examples? LECO Dividend | LEGN Dividend