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Dividend Captures for Fun and Profit

LLTC Dividend Chart LLTC Dividend data by YCharts

Linear Technology (LLTC)

Background: Linear Technology, together with its subsidiaries, designs, manufactures, and markets various analog integrated circuits worldwide. The company produces power management, data conversion, signal conditioning, µModule subsystems, and wireless sensor network products, as well as radio frequency and interface ICs. The company was founded in 1981 and is headquartered in Milpitas, Calif.. Linear Technology trades an average of 2.2 million shares per day with a marketcap of $7.4 billion.

Yield: 3.2%

Dividend Amount: 25 cents

Ex-Dividend Date: Nov. 14 Beta: 1.09

Strategy: Buy stock and offer to sell the November $31.00 strike or lower call for 35 cents over the intrinsic value as long as the stock remains above $31.10.

I will attempt to close out the trade with a gain of near 10 cents, plus dividend. If my shares are called away before trading ex-dividend (resulting from the option buyer wanting the dividend), I gain about 32 cents. The most I can make is 57 cents if I hold the covered call through option expiration day and the stock gets called away.

LLTC Payout Ratio TTM Chart LLTC Payout Ratio TTM data by YCharts

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