MAR Dividend Type Payments
Although MAR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marriott International - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:40 PM ET):
| Marriott International - Class A (MAR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 321.50 | 321.63 | 321.58 | +10.55 | 983K | 33 | 84B |
MAR Dividend-Like Income Using Covered Calls
With MAR at 321.58, 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% | 9.65 | 2.6 |
| 5% | 16.08 | 4.4 |
| 10% | 32.16 | 8.8 |
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 MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 325.00 | 5.60 | 32 | 17.5 | 3.37 (1.0%) | |
| Jan 9 | 325.00 | 1.40 | 4 | 35.0 | 3.37 (1.0%) | |
| 5% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 325.00 | 5.60 | 32 | 17.5 | 3.37 (1.0%) | |
| Jan 9 | 325.00 | 1.40 | 4 | 35.0 | 3.37 (1.0%) | |
| 10% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 325.00 | 5.60 | 32 | 17.5 | 3.37 (1.0%) | |
| Jan 9 | 325.00 | 1.40 | 4 | 35.0 | 3.37 (1.0%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | SOC dividend | |
| 2. | INTC dividend | 7. | SPY dividend | 2. | BKKT dividend | |
| 3. | IBIT dividend | 8. | GLD dividend | 3. | CRML dividend | |
| 4. | TLT dividend | 9. | NIO dividend | 4. | NBIS dividend | |
| 5. | SLV dividend | 10. | QQQ dividend | 5. | TLRY dividend | |
Want more examples? MAPP Dividend | MARA Dividend
