MHO Dividend Type Payments

M/I Homes, Inc. dividend

Although MHO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on M/I Homes, Inc. 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):

M/I Homes, Inc. (MHO)
Bid Ask Last Change Volume P/E Market Cap
112.61 120.29 115.35 +1.04 336K 6.0 3.1B

MHO Dividend-Like Income Using Covered Calls

With MHO at 115.35, 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% 3.46 0.9
5% 5.77 1.6
10% 11.54 3.2

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 MHO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 120.00 2.75 31 7.9 0.00 (0.0%)
Oct 17 120.00 6.00 94 6.1 0.00 (0.0%)
5% Yield On MHO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 120.00 2.75 31 7.9 0.00 (0.0%)
Oct 17 120.00 6.00 94 6.1 0.00 (0.0%)
10% Yield On MHO Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 120.00 2.75 31 7.9 0.00 (0.0%)
Oct 17 120.00 6.00 94 6.1 0.00 (0.0%)

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