LPRO Dividend Type Payments

Although LPRO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Open Lending 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 Tue 4:16 PM ET):

Open Lending Corporation - Class A (LPRO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
5.03	5.33	5.23	+0.12	370K	170	0.6B

LPRO Dividend-Like Income Using Covered Calls

With LPRO at 5.23, 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%	0.16	0.0
5%	0.26	0.1
10%	0.52	0.1

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 LPRO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	7.50	0.10	81	0.1	2.17 (41.5%)
Nov 21	7.50	0.35	270	0.1	2.17 (41.5%)

5% Yield On LPRO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	7.50	0.10	81	0.1	2.17 (41.5%)
Nov 21	7.50	0.35	270	0.1	2.17 (41.5%)

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Want more examples? LPLA Dividend | LPSN Dividend