LIN Dividend Type Payments

Linde plc dividend

Although LIN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Linde plc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Linde plc (LIN)
Bid Ask Last Change Volume P/E Market Cap
430.00 437.57 436.00 +3.51 2.2M 33 206B

LIN Dividend-Like Income Using Covered Calls

With LIN at 436.00, 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% 13.08 3.6
5% 21.80 6.0
10% 43.60 11.9

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 LIN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 440.00 12.70 91 14.0 2.43 (0.6%)
Jul 18 440.00 21.50 183 11.7 2.43 (0.6%)
5% Yield On LIN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 440.00 12.70 91 14.0 2.43 (0.6%)
Jul 18 440.00 21.50 183 11.7 2.43 (0.6%)
10% Yield On LIN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 440.00 12.70 91 14.0 2.43 (0.6%)
Jun 20 440.00 19.30 155 12.5 2.43 (0.6%)

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