LAMR Dividend

Although LAMR has a dividend of 1.55 with an ex-dividend date of Sep 19, you can sell covered calls on Lamar Advertising Company - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Lamar Advertising Company - Class A (LAMR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
125.00	128.00	126.36	-1.38	407K	30	13B

LAMR Dividend-Like Income Using Covered Calls

With LAMR at 126.36, 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%	3.79	1.0
5%	6.32	1.7
10%	12.64	3.5

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 LAMR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	130.00	0.95	32	3.0	2.00 (1.6%)
Sep 19	130.00	0.05	4	1.3	2.00 (1.6%)

5% Yield On LAMR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	130.00	0.95	32	3.0	2.00 (1.6%)
Nov 21	130.00	2.60	67	3.9	2.00 (1.6%)

10% Yield On LAMR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 21	130.00	2.60	67	3.9	2.00 (1.6%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	EEM dividend	1.	QURE dividend
2.	SPY dividend	7.	QQQ dividend	2.	OPEN dividend
3.	PCG dividend	8.	IWM dividend	3.	LDI dividend
4.	TSLA dividend	9.	SLV dividend	4.	MANU dividend
5.	IBIT dividend	10.	FXI dividend	5.	CBRL dividend

Want more examples? LAKE Dividend | LAND Dividend