MAR Dividend

Although MAR has a dividend of 0.67 with an ex-dividend date of Aug 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 1:25 PM ET):

Marriott International - Class A (MAR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
268.29	268.56	268.56	+3.55	393K	30	72B

MAR Dividend-Like Income Using Covered Calls

With MAR at 268.56, 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%	8.06	2.2
5%	13.43	3.7
10%	26.86	7.4

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 MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	270.00	4.90	24	20.4	1.44 (0.5%)
Sep 12	270.00	6.10	31	19.7	1.44 (0.5%)

5% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	270.00	4.90	24	20.4	1.44 (0.5%)
Sep 12	270.00	6.10	31	19.7	1.44 (0.5%)

10% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 5	270.00	4.90	24	20.4	1.44 (0.5%)
Sep 12	270.00	6.10	31	19.7	1.44 (0.5%)

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Want more examples? MAPP Dividend | MARA Dividend