MAS Dividend

Although MAS has a dividend of 0.32 with an ex-dividend date of Feb 20, you can sell covered calls on Masco Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 2:30 PM ET):

Masco Corporation (MAS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
76.22	76.25	76.22	-1.60	2.5M	20	16B

MAS Dividend-Like Income Using Covered Calls

With MAS at 76.22, 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%	2.29	0.6
5%	3.81	1.0
10%	7.62	2.1

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 MAS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	80.00	0.20	10	2.0	3.75 (4.9%)
Mar 20	80.00	1.30	38	3.4	3.75 (4.9%)

5% Yield On MAS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Feb 20	80.00	0.20	10	2.0	3.75 (4.9%)
Mar 20	80.00	1.30	38	3.4	3.75 (4.9%)

10% Yield On MAS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	80.00	1.30	38	3.4	3.75 (4.9%)
Apr 17	80.00	2.35	66	3.6	3.75 (4.9%)

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

Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
1.	SLV dividend	6.	QQQ dividend	1.	APP dividend
2.	NVDA dividend	7.	SPY dividend	2.	PINS dividend
3.	KWEB dividend	8.	EWZ dividend	3.	RIVN dividend
4.	GLD dividend	9.	TLT dividend	4.	AAP dividend
5.	IBIT dividend	10.	INTC dividend	5.	NBIS dividend

Want more examples? MARB Dividend | MASI Dividend