MATW Dividend Type Payments

Matthews International Corporation - Class A dividend

Although MATW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Matthews International Corporation - 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):

Matthews International Corporation - Class A (MATW)
Bid Ask Last Change Volume P/E Market Cap
29.15 31.48 30.27 -0.87 126K - 1.0B

MATW Dividend-Like Income Using Covered Calls

With MATW at 30.27, 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% 0.91 0.2
5% 1.51 0.4
10% 3.03 0.8

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 MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 1.40 332 0.4 3.52 (11.6%)
Jun 20 35.00 1.15 150 0.8 3.52 (11.6%)
5% Yield On MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 35.00 1.40 332 0.4 3.52 (11.6%)
Jun 20 35.00 1.15 150 0.8 3.52 (11.6%)

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Want more examples? MAT Dividend | MATX Dividend