MANU Dividend Type Payments

Manchester United Ltd. Class A Ordinary Shares dividend

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
17.43 18.33 17.67 -0.09 126K - 2.9B

MANU Dividend-Like Income Using Covered Calls

With MANU at 17.67, 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% 0.53 0.1
5% 0.88 0.2
10% 1.77 0.5

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
Aug 15 19.00 0.25 29 0.9 0.67 (3.8%)
Sep 19 22.00 0.10 64 0.2 3.67 (20.8%)
5% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 19.00 0.25 29 0.9 0.67 (3.8%)
Sep 19 25.00 0.40 64 0.6 6.67 (37.7%)
10% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 19.00 0.25 29 0.9 0.67 (3.8%)
Sep 19 25.00 0.40 64 0.6 6.67 (37.7%)

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