LNN Dividend

Although LNN has a dividend of 0.35 with an ex-dividend date of May 16, you can sell covered calls on Lindsay Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:00 PM ET):

Lindsay Corporation (LNN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
116.96	117.20	117.14	-0.26	9K	19	1.3B

LNN Dividend-Like Income Using Covered Calls

With LNN at 117.14, 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%	3.51	1.0
5%	5.86	1.6
10%	11.71	3.2

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 LNN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	120.00	1.90	22	8.6	2.80 (2.4%)
Jun 21	120.00	4.10	57	7.2	2.80 (2.4%)

5% Yield On LNN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	120.00	1.90	22	8.6	2.80 (2.4%)
Jun 21	120.00	4.10	57	7.2	2.80 (2.4%)

10% Yield On LNN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	120.00	1.90	22	8.6	2.80 (2.4%)
Jun 21	120.00	4.10	57	7.2	2.80 (2.4%)

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Want more examples? LNG Dividend | LNT Dividend