LEN Dividend

Although LEN has a dividend of 0.50 with an ex-dividend date of Jul 3, 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
106.08	107.00	106.42	+3.01	5.7M	7.5	27B

LEN Dividend-Like Income Using Covered Calls

With LEN at 106.42, 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%	3.19	0.9
5%	5.32	1.5
10%	10.64	2.9

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
Jul 3	107.00	2.25	14	16.1	0.00 (0.0%)
Jul 11	107.00	2.90	22	13.2	0.00 (0.0%)

5% Yield On LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	107.00	2.25	14	16.1	0.00 (0.0%)
Jul 11	107.00	2.90	22	13.2	0.00 (0.0%)

10% Yield On LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	107.00	2.25	14	16.1	0.00 (0.0%)
Jul 11	107.00	2.90	22	13.2	0.00 (0.0%)

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Want more examples? LEMB Dividend | LEU Dividend