MAR Dividend

Although MAR has a dividend of 0.63 with an ex-dividend date of Nov 21, 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 4:16 PM ET):

Marriott International - Class A (MAR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
274.00	289.28	286.47	+0.45	1.1M	30	80B

MAR Dividend-Like Income Using Covered Calls

With MAR at 286.47, 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%	8.59	2.4
5%	14.32	3.9
10%	28.65	7.8

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
Dec 6	290.00	3.80	24	15.8	0.72 (0.3%)
Dec 13	290.00	4.70	31	15.2	0.72 (0.3%)

5% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	290.00	3.80	24	15.8	0.72 (0.3%)
Dec 13	290.00	4.70	31	15.2	0.72 (0.3%)

10% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	290.00	3.80	24	15.8	0.72 (0.3%)
Dec 13	290.00	4.70	31	15.2	0.72 (0.3%)

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Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
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5.	SLV dividend	10.	EWZ dividend	5.	NICE dividend

Want more examples? MAPP Dividend | MARA Dividend