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 Wed 10:00 AM ET):
| Marriott International - Class A (MAR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 366.59 | 366.85 | 366.64 | +7.29 | 289K | 38 | 95B |
MAR Dividend-Like Income Using Covered Calls
With MAR at 366.64, 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% | 11.00 | 3.0 |
| 5% | 18.33 | 5.0 |
| 10% | 36.66 | 10.0 |
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 13 | 370.00 | 2.40 | 3 | 80.0 | 3.15 (0.9%) | |
| Feb 20 | 370.00 | 3.70 | 10 | 37.0 | 3.15 (0.9%) | |
| 5% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 13 | 370.00 | 2.40 | 3 | 80.0 | 3.15 (0.9%) | |
| Feb 20 | 370.00 | 3.70 | 10 | 37.0 | 3.15 (0.9%) | |
| 10% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 13 | 370.00 | 2.40 | 3 | 80.0 | 3.15 (0.9%) | |
| Feb 20 | 370.00 | 3.70 | 10 | 37.0 | 3.15 (0.9%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | QQQ dividend | 1. | PINS dividend | |
| 2. | NVDA dividend | 7. | SPY dividend | 2. | AAP dividend | |
| 3. | KWEB dividend | 8. | EWZ dividend | 3. | RIVN dividend | |
| 4. | GLD dividend | 9. | TLT dividend | 4. | QS dividend | |
| 5. | IBIT dividend | 10. | INTC dividend | 5. | APP dividend | |
Want more examples? MAPP Dividend | MARA Dividend
