LPX Dividend Type Payments

Although LPX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Louisiana-Pacific Corporation 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):

Louisiana-Pacific Corporation (LPX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
78.00	86.80	83.74	-2.70	937K	28	6.0B

LPX Dividend-Like Income Using Covered Calls

With LPX at 83.74, 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%	2.51	0.7
5%	4.19	1.1
10%	8.37	2.3

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 LPX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	100.00	2.00	106	1.9	13.20 (15.8%)
Feb 20	100.00	0.25	22	1.1	13.20 (15.8%)

5% Yield On LPX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	100.00	2.00	106	1.9	13.20 (15.8%)
Feb 20	90.00	1.35	22	6.1	3.20 (3.8%)

10% Yield On LPX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	90.00	4.30	106	4.1	3.20 (3.8%)
Feb 20	90.00	1.35	22	6.1	3.20 (3.8%)

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Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
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4.	GLD dividend	9.	INTC dividend	4.	WDC dividend
5.	IBIT dividend	10.	SPY dividend	5.	IREN dividend

Want more examples? LPSN Dividend | LQD Dividend