LTC Dividend

Although LTC has a dividend of 0.19 with an ex-dividend date of Oct 23, you can sell covered calls on LTC Properties, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:40 PM ET):

LTC Properties, Inc. (LTC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
33.92	33.99	33.95	-0.32	122K	19	1.6B

LTC Dividend-Like Income Using Covered Calls

With LTC at 33.95, 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%	1.02	0.3
5%	1.70	0.5
10%	3.40	0.9

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 LTC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	35.00	0.05	5	1.0	1.01 (3.0%)
Nov 21	35.00	0.25	40	0.6	1.01 (3.0%)

5% Yield On LTC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	35.00	0.05	5	1.0	1.01 (3.0%)
Nov 21	35.00	0.25	40	0.6	1.01 (3.0%)

10% Yield On LTC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	35.00	0.05	5	1.0	1.01 (3.0%)

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Top 10 Open Interest For Oct 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	AIV dividend
2.	IBIT dividend	7.	INTC dividend	2.	NVTS dividend
3.	GLD dividend	8.	QQQ dividend	3.	KURA dividend
4.	SPY dividend	9.	IWM dividend	4.	BKKT dividend
5.	SLV dividend	10.	AMZN dividend	5.	UAMY dividend

Want more examples? LTBR Dividend | LTL Dividend