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 Thu 4:16 PM ET):
| Manchester United Ltd. Class A Ordinary Shares (MANU) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 17.09 | 18.33 | 17.50 | +0.05 | 162K | - | 2.8B |
MANU Dividend-Like Income Using Covered Calls
With MANU at 17.50, 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% | 1.75 | 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 1 | 20.00 | 0.15 | 30 | 0.5 | 1.67 (9.5%) | |
| Aug 15 | 19.00 | 0.30 | 44 | 0.7 | 0.67 (3.8%) | |
| 5% Yield On MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 20.00 | 0.15 | 30 | 0.5 | 1.67 (9.5%) | |
| Aug 15 | 19.00 | 0.30 | 44 | 0.7 | 0.67 (3.8%) | |
| 10% Yield On MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 20.00 | 0.15 | 30 | 0.5 | 1.67 (9.5%) | |
| Aug 15 | 19.00 | 0.30 | 44 | 0.7 | 0.67 (3.8%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | QUBT dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | COGT dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | IONQ dividend | |
| 4. | IWM dividend | 9. | IBIT dividend | 4. | TMC dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | SMMT dividend | |
Want more examples? MANH Dividend | MAPP Dividend
