AL Dividend Type Payments

Air Lease Corporation Class A dividend

Although AL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Air Lease Corporation Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:25 PM ET):

Air Lease Corporation Class A (AL)
Bid Ask Last Change Volume P/E Market Cap
47.84 47.97 47.95 -1.13 186K 15 5.5B

AL Dividend-Like Income Using Covered Calls

With AL at 47.95, 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% 1.44 0.4
5% 2.40 0.7
10% 4.80 1.3

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 AL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 50.00 3.10 141 2.2 2.03 (4.2%)
May 16 50.00 1.50 50 3.0 2.03 (4.2%)
5% Yield On AL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 50.00 3.10 141 2.2 2.03 (4.2%)
May 16 50.00 1.50 50 3.0 2.03 (4.2%)
10% Yield On AL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 50.00 3.10 141 2.2 2.03 (4.2%)
May 16 50.00 1.50 50 3.0 2.03 (4.2%)

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