LPL Dividend Type Payments
Although LPL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LG Display Co, Ltd AMERICAN DEPOSITORY SHARES to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 1:35 PM ET):
| LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 4.11 | 4.12 | 4.11 | -0.01 | 145K | - | 1.3B |
LPL Dividend-Like Income Using Covered Calls
With LPL at 4.11, 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% | 0.12 | 0.0 |
| 5% | 0.21 | 0.1 |
| 10% | 0.41 | 0.1 |
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 LPL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 5.00 | 0.05 | 122 | 0.0 | 0.88 (21.4%) | |
| Jul 17 | 5.00 | 0.10 | 213 | 0.0 | 0.88 (21.4%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | EWTX dividend | |
| 2. | SPY dividend | 7. | NFLX dividend | 2. | ASPI dividend | |
| 3. | IBIT dividend | 8. | SLV dividend | 3. | TMC dividend | |
| 4. | QQQ dividend | 9. | XLF dividend | 4. | ALT dividend | |
| 5. | TLT dividend | 10. | AMZN dividend | 5. | KMX dividend | |
Want more examples? LPG Dividend | LPLA Dividend
