LEN Dividend Type Payments

Although LEN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Lennar Corporation 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):

Lennar Corporation Class A (LEN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
127.58	128.50	127.57	+0.23	3.3M	13	33B

LEN Dividend-Like Income Using Covered Calls

With LEN at 127.57, 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	1.0
5%	6.38	1.7
10%	12.76	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 LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	128.00	2.50	15	13.3	0.00 (0.0%)
Nov 14	128.00	4.20	22	16.8	0.00 (0.0%)

5% Yield On LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	128.00	2.50	15	13.3	0.00 (0.0%)
Nov 14	128.00	4.20	22	16.8	0.00 (0.0%)

10% Yield On LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 7	128.00	2.50	15	13.3	0.00 (0.0%)
Nov 14	128.00	4.20	22	16.8	0.00 (0.0%)

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

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	UUUU dividend
2.	KVUE dividend	7.	HYG dividend	2.	CRML dividend
3.	NVDA dividend	8.	EEM dividend	3.	UPST dividend
4.	SLV dividend	9.	QQQ dividend	4.	RXRX dividend
5.	GLD dividend	10.	INTC dividend	5.	LQDA dividend

Want more examples? LEMB Dividend | LEU Dividend