LORL Dividend Type Payments

Loral Space & Communications, Inc dividend

Although LORL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Loral Space & Communications, Inc 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):

Loral Space & Communications, Inc (LORL)
Bid Ask Last Change Volume P/E Market Cap
39.33 39.33 39.33 +0.80 39K 13 1.2B

LORL Dividend-Like Income Using Covered Calls

With LORL at 39.33, 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% 1.18 0.3
5% 1.97 0.5
10% 3.93 1.1

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 LORL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.55 29 1.9 0.67 (1.7%)
Apr 18 45.00 0.25 63 0.4 5.67 (14.4%)
5% Yield On LORL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.55 29 1.9 0.67 (1.7%)
Apr 18 40.00 1.10 63 1.7 0.67 (1.7%)
10% Yield On LORL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 40.00 0.55 29 1.9 0.67 (1.7%)
Apr 18 40.00 1.10 63 1.7 0.67 (1.7%)

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