LXP Dividend Type Payments

Lexington Realty Trust dividend

Although LXP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Lexington Realty Trust to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:35 AM ET):

Lexington Realty Trust (LXP)
Bid Ask Last Change Volume P/E Market Cap
9.45 9.46 9.46 -0.06 23K 10 2.2B

LXP Dividend-Like Income Using Covered Calls

With LXP at 9.46, 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% 0.28 0.1
5% 0.47 0.1
10% 0.95 0.3

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:

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ROKU dividend
2.EEM dividend 7.GE dividend   2.IQ dividend
3.SPY dividend 8.LLY dividend   3.Z dividend
4.QQQ dividend 9.BAC dividend   4.OLED dividend
5.FXI dividend 10.GLD dividend   5.DBX dividend

Want more examples? LXFT Dividend | LXRX Dividend