LYV Dividend Type Payments
Although LYV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Live Nation Entertainment, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:10 PM ET):
| Live Nation Entertainment, Inc. (LYV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 122.16 | 122.40 | 122.25 | -5.26 | 1.9M | 47 | 30B |
LYV Dividend-Like Income Using Covered Calls
With LYV at 122.25, 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% | 3.67 | 1.0 |
| 5% | 6.11 | 1.7 |
| 10% | 12.23 | 3.3 |
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 LYV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 125.00 | 5.00 | 39 | 12.8 | 2.60 (2.1%) | |
| Oct 17 | 125.00 | 13.90 | 222 | 6.3 | 2.60 (2.1%) | |
| 5% Yield On LYV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 125.00 | 5.00 | 39 | 12.8 | 2.60 (2.1%) | |
| Oct 17 | 125.00 | 13.90 | 222 | 6.3 | 2.60 (2.1%) | |
| 10% Yield On LYV Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 125.00 | 5.00 | 39 | 12.8 | 2.60 (2.1%) | |
| Oct 17 | 125.00 | 13.90 | 222 | 6.3 | 2.60 (2.1%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | KWEB dividend | 1. | WOLF dividend | |
| 2. | SPY dividend | 7. | QQQ dividend | 2. | CLSK dividend | |
| 3. | IWM dividend | 8. | INTC dividend | 3. | QBTS dividend | |
| 4. | FXI dividend | 9. | TSLA dividend | 4. | KSS dividend | |
| 5. | EEM dividend | 10. | SLV dividend | 5. | ENPH dividend | |
Want more examples? LYTS Dividend | LZ Dividend
