MANU Dividend Type Payments
Although MANU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Manchester United Ltd. Class A Ordinary Shares 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):
| Manchester United Ltd. Class A Ordinary Shares (MANU) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 15.86 | 17.00 | 15.97 | -0.32 | 260K | - | 2.7B |
MANU Dividend-Like Income Using Covered Calls
With MANU at 15.97, 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% | 0.48 | 0.1 |
| 5% | 0.80 | 0.2 |
| 10% | 1.60 | 0.4 |
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 MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 18 | 17.00 | 0.05 | 29 | 0.2 | 0.00 (0.0%) | |
| Jan 17 | 17.00 | 0.55 | 120 | 0.5 | 0.00 (0.0%) | |
| 5% Yield On MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 17.00 | 0.55 | 120 | 0.5 | 0.00 (0.0%) | |
| Jan 16 | 18.00 | 1.70 | 484 | 0.4 | 1.00 (6.3%) | |
| 10% Yield On MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 17 | 17.00 | 0.55 | 120 | 0.5 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | RLAY dividend | |
| 2. | IWM dividend | 7. | GLD dividend | 2. | LUNR dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | MARA dividend | |
| 4. | QQQ dividend | 9. | EEM dividend | 4. | CPRI dividend | |
| 5. | HYG dividend | 10. | AAPL dividend | 5. | MBLY dividend | |
Want more examples? MANH Dividend | MAPP Dividend
