LMNR Dividend Type Payments
Although LMNR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Limoneira Co 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):
| Limoneira Co (LMNR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 14.99 | 21.00 | 15.09 | -0.28 | 84K | - | 0.3B |
LMNR Dividend-Like Income Using Covered Calls
With LMNR at 15.09, 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% | 0.45 | 0.1 |
| 5% | 0.75 | 0.2 |
| 10% | 1.51 | 0.4 |
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:
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | FXI dividend | 1. | OPEN dividend | |
| 2. | NVDA dividend | 7. | PCG dividend | 2. | ARCT dividend | |
| 3. | GLD dividend | 8. | IWM dividend | 3. | QURE dividend | |
| 4. | IBIT dividend | 9. | SPY dividend | 4. | AEHR dividend | |
| 5. | EEM dividend | 10. | HYG dividend | 5. | MLTX dividend | |
Want more examples? LMND Dividend | LMT Dividend
