LMAT Dividend

LeMaitre Vascular, Inc dividend

Although LMAT has a dividend of 0.09 with an ex-dividend date of Mar 21, you can sell covered calls on LeMaitre Vascular, Inc 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):

LeMaitre Vascular, Inc (LMAT)
Bid Ask Last Change Volume P/E Market Cap
29.60 32.00 30.77 +5.67 828K 24 0.5B

LMAT Dividend-Like Income Using Covered Calls

With LMAT at 30.77, here's a table showing how big the annual "dividend" (ie. 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% 0.92 0.3
5% 1.54 0.4
10% 3.08 0.8

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 LMAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 35.00 0.15 24 0.6 3.00 (9.7%)
Apr 18 35.00 0.40 58 0.7 3.00 (9.7%)
5% Yield On LMAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 35.00 0.15 24 0.6 3.00 (9.7%)
Apr 18 35.00 0.40 58 0.7 3.00 (9.7%)
10% Yield On LMAT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 35.00 1.30 122 1.1 3.00 (9.7%)
Sep 20 35.00 2.20 213 1.0 3.00 (9.7%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.VIPS dividend
2.EEM dividend 7.GE dividend   2.ROKU dividend
3.SPY dividend 8.BAC dividend   3.FSLR dividend
4.QQQ dividend 9.XOP dividend   4.IQ dividend
5.FXI dividend 10.LLY dividend   5.TTD dividend

Want more examples? LM Dividend | LMLP Dividend