LEG Dividend Type Payments

Although LEG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Leggett & Platt, Incorporated 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):

Leggett & Platt, Incorporated (LEG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
10.53	10.79	10.73	+0.38	1.7M	-	1.4B

LEG Dividend-Like Income Using Covered Calls

With LEG at 10.73, 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%	0.32	0.1
5%	0.54	0.1
10%	1.07	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:

3% Yield On LEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.50	1.15	276	0.4	1.71 (15.9%)
Jun 20	12.50	0.70	157	0.4	1.71 (15.9%)

5% Yield On LEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.50	1.15	276	0.4	1.71 (15.9%)
Jun 20	12.50	0.70	157	0.4	1.71 (15.9%)

10% Yield On LEG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	12.50	1.15	276	0.4	1.71 (15.9%)
Jun 20	12.50	0.70	157	0.4	1.71 (15.9%)

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Want more examples? LECO Dividend | LEGN Dividend