LKFN Dividend Type Payments
Although LKFN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Lakeland Financial Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:00 PM ET):
| Lakeland Financial Corporation (LKFN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 61.87 | 62.00 | 61.90 | +0.06 | 62K | 18 | 1.6B |
LKFN Dividend-Like Income Using Covered Calls
With LKFN at 61.90, 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% | 1.86 | 0.5 |
| 5% | 3.10 | 0.8 |
| 10% | 6.19 | 1.7 |
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 LKFN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Mar 20 | 65.00 | 1.65 | 228 | 0.7 | 3.00 (4.8%) | |
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| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | GLD dividend | 1. | MBX dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | GRPN dividend | |
| 3. | IWM dividend | 8. | AMZN dividend | 3. | ZETA dividend | |
| 4. | SPY dividend | 9. | QQQ dividend | 4. | HLF dividend | |
| 5. | IBIT dividend | 10. | AAPL dividend | 5. | PCT dividend | |
Want more examples? LIVN Dividend | LKQ Dividend
