LINC Dividend Type Payments
Although LINC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Lincoln Educational Services Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Lincoln Educational Services Corporation (LINC) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 24.50 | 24.80 | 24.50 | +1.86 | 457K | 58 | 0.7B |
LINC Dividend-Like Income Using Covered Calls
With LINC at 24.50, 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% | 0.74 | 0.2 |
| 5% | 1.23 | 0.3 |
| 10% | 2.45 | 0.7 |
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 LINC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 25.00 | 0.85 | 10 | 8.5 | 0.20 (0.8%) | |
| Sep 19 | 25.00 | 1.40 | 45 | 3.1 | 0.20 (0.8%) | |
| 5% Yield On LINC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 25.00 | 0.85 | 10 | 8.5 | 0.20 (0.8%) | |
| Sep 19 | 25.00 | 1.40 | 45 | 3.1 | 0.20 (0.8%) | |
| 10% Yield On LINC Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 25.00 | 0.85 | 10 | 8.5 | 0.20 (0.8%) | |
| Sep 19 | 25.00 | 1.40 | 45 | 3.1 | 0.20 (0.8%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | TSSI dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | AAOI dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | IONQ dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | HLF dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | APP dividend | |
Want more examples? LIN Dividend | LIND Dividend
