LAMR Dividend

Although LAMR has a dividend of 1.55 with an ex-dividend date of Mar 14, 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 Wed 4:16 PM ET):

Lamar Advertising Company - Class A (LAMR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
112.13	118.11	114.26	-2.50	765K	33	12B

LAMR Dividend-Like Income Using Covered Calls

With LAMR at 114.26, 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%	3.43	0.9
5%	5.71	1.6
10%	11.43	3.1

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
Apr 17	119.75	1.10	37	3.0	1.64 (1.4%)
Oct 17	120.00	4.00	220	1.8	1.89 (1.7%)

5% Yield On LAMR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	119.75	1.10	37	3.0	1.64 (1.4%)
Oct 17	120.00	4.00	220	1.8	1.89 (1.7%)

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