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 Thu 4:16 PM ET):

Manchester United Ltd. Class A Ordinary Shares (MANU)
Bid Ask Last Change Volume P/E Market Cap
16.14 16.50 16.39 +0.05 214K - 2.7B

MANU Dividend-Like Income Using Covered Calls

With MANU at 16.39, 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% 0.49 0.1
5% 0.82 0.2
10% 1.64 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
Feb 6 30.00 0.05 30 0.2 13.50 (82.4%)
Jun 18 17.00 1.00 162 0.6 0.50 (3.1%)
5% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 18 17.00 1.00 162 0.6 0.50 (3.1%)
Dec 18 17.00 1.60 345 0.5 0.50 (3.1%)
10% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 18 17.00 1.00 162 0.6 0.50 (3.1%)
Dec 18 17.00 1.60 345 0.5 0.50 (3.1%)

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