MAR Dividend

Although MAR has a dividend of 0.63 with an ex-dividend date of Feb 27, 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 4:16 PM ET):

Marriott International - Class A (MAR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
277.46	279.74	277.46	+0.70	1.7M	33	76B

MAR Dividend-Like Income Using Covered Calls

With MAR at 277.46, 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%	8.32	2.3
5%	13.87	3.8
10%	27.75	7.6

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
Apr 4	280.00	7.10	39	18.2	0.26 (0.1%)
Mar 7	280.00	3.20	11	29.1	0.26 (0.1%)

5% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	280.00	7.10	39	18.2	0.26 (0.1%)
Mar 7	280.00	3.20	11	29.1	0.26 (0.1%)

10% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	280.00	7.10	39	18.2	0.26 (0.1%)
Mar 7	280.00	3.20	11	29.1	0.26 (0.1%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	QBTS dividend
2.	SPY dividend	7.	INTC dividend	2.	LUNR dividend
3.	FXI dividend	8.	QQQ dividend	3.	SOUN dividend
4.	EEM dividend	9.	SLV dividend	4.	ASTS dividend
5.	IWM dividend	10.	TLT dividend	5.	MARA dividend

Want more examples? MAPP Dividend | MARA Dividend