MD Dividend Type Payments

Pediatrix Medical Group, Inc. dividend

Although MD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pediatrix Medical Group, Inc. 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):

Pediatrix Medical Group, Inc. (MD)
Bid Ask Last Change Volume P/E Market Cap
21.50 22.26 21.87 +0.09 477K 11 1.9B

MD Dividend-Like Income Using Covered Calls

With MD at 21.87, 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% 0.66 0.2
5% 1.09 0.3
10% 2.19 0.6

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 MD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 22.50 0.50 141 0.4 0.24 (1.1%)
Jan 16 22.50 0.05 22 0.2 0.24 (1.1%)
5% Yield On MD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 15 22.50 0.50 141 0.4 0.24 (1.1%)
Feb 20 22.50 1.40 57 2.5 0.24 (1.1%)
10% Yield On MD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 20 22.50 1.40 57 2.5 0.24 (1.1%)
Aug 21 22.50 1.80 239 0.8 0.24 (1.1%)

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