LYTS Dividend Type Payments

LSI Industries Inc. dividend

Although LYTS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on LSI Industries Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:30 PM ET):

LSI Industries Inc. (LYTS)
Bid Ask Last Change Volume P/E Market Cap
14.23 14.28 14.26 +0.08 58K 16 0.4B

LYTS Dividend-Like Income Using Covered Calls

With LYTS at 14.26, 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% 0.43 0.1
5% 0.71 0.2
10% 1.43 0.4

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 LYTS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 15.00 0.05 32 0.2 0.72 (5.0%)
Jul 19 17.50 0.20 95 0.2 3.22 (22.6%)
5% Yield On LYTS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 19 17.50 0.20 95 0.2 3.22 (22.6%)
Oct 18 15.00 0.55 186 0.3 0.72 (5.0%)

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