LGND Dividend Type Payments

Although LGND has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ligand Pharmaceuticals Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:45 PM ET):

Ligand Pharmaceuticals Incorporated (LGND)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
186.00	186.65	186.32	-0.42	87K	-	7.0B

LGND Dividend-Like Income Using Covered Calls

With LGND at 186.32, 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%	5.59	1.5
5%	9.32	2.6
10%	18.63	5.1

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 LGND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	190.00	7.00	60	11.7	3.35 (1.8%)
Nov 21	190.00	5.30	32	16.6	3.35 (1.8%)

5% Yield On LGND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	190.00	7.00	60	11.7	3.35 (1.8%)
Nov 21	190.00	5.30	32	16.6	3.35 (1.8%)

10% Yield On LGND Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	190.00	7.00	60	11.7	3.35 (1.8%)
Nov 21	190.00	5.30	32	16.6	3.35 (1.8%)

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.	KVUE dividend	6.	HYG dividend	1.	INBX dividend
2.	IBIT dividend	7.	TLT dividend	2.	ARCT dividend
3.	NVDA dividend	8.	EEM dividend	3.	CIFR dividend
4.	SLV dividend	9.	QQQ dividend	4.	BHVN dividend
5.	GLD dividend	10.	INTC dividend	5.	OSCR dividend

Want more examples? LGLV Dividend | LGOV Dividend