LEN Dividend

Although LEN has a dividend of 0.50 with an ex-dividend date of Jan 29, you can sell covered calls on Lennar 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 Thu 12:25 PM ET):

Lennar Corporation Class A (LEN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
139.74	139.79	139.75	+1.18	1.1M	9.2	38B

LEN Dividend-Like Income Using Covered Calls

With LEN at 139.75, 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%	4.19	1.1
5%	6.99	1.9
10%	13.98	3.8

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 LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	140.00	4.00	23	17.4	0.21 (0.2%)
Feb 14	140.00	4.60	30	15.3	0.21 (0.2%)

5% Yield On LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	140.00	4.00	23	17.4	0.21 (0.2%)
Feb 14	140.00	4.60	30	15.3	0.21 (0.2%)

10% Yield On LEN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 7	140.00	4.00	23	17.4	0.21 (0.2%)
Feb 14	140.00	4.60	30	15.3	0.21 (0.2%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	SERV dividend
2.	SLV dividend	7.	INTC dividend	2.	RCAT dividend
3.	SPY dividend	8.	XLF dividend	3.	ASPI dividend
4.	AAPL dividend	9.	IWM dividend	4.	RUM dividend
5.	EEM dividend	10.	TLT dividend	5.	OZK dividend

Want more examples? LEMB Dividend | LEU Dividend