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 Fri 4:16 PM ET):

Marriott International - Class A (MAR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
265.00	272.49	266.50	-1.44	1.0M	30	73B

MAR Dividend-Like Income Using Covered Calls

With MAR at 266.50, 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%	8.00	2.2
5%	13.33	3.7
10%	26.65	7.3

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
Oct 3	275.00	2.65	22	12.0	2.51 (0.9%)
Oct 10	275.00	3.40	29	11.7	2.51 (0.9%)

5% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	275.00	2.65	22	12.0	2.51 (0.9%)
Oct 10	275.00	3.40	29	11.7	2.51 (0.9%)

10% Yield On MAR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 3	275.00	2.65	22	12.0	2.51 (0.9%)
Oct 10	275.00	3.40	29	11.7	2.51 (0.9%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	QQQ dividend	1.	ATYR dividend
2.	SPY dividend	7.	IBIT dividend	2.	OPEN dividend
3.	IWM dividend	8.	SLV dividend	3.	IONQ dividend
4.	PCG dividend	9.	TSLA dividend	4.	QURE dividend
5.	EEM dividend	10.	FXI dividend	5.	ARCT dividend

Want more examples? MAPP Dividend | MARA Dividend