MMYT Dividend Type Payments

Although MMYT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MakeMyTrip Limited - Ordinary Shares 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):

MakeMyTrip Limited - Ordinary Shares (MMYT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
88.00	91.05	89.70	+0.76	688K	102	5.8B

MMYT Dividend-Like Income Using Covered Calls

With MMYT at 89.70, 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%	2.69	0.7
5%	4.49	1.2
10%	8.97	2.5

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 MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	100.00	1.10	57	1.9	8.95 (10.0%)
Nov 21	100.00	0.55	29	1.9	8.95 (10.0%)

5% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	100.00	1.10	57	1.9	8.95 (10.0%)
Nov 21	100.00	0.55	29	1.9	8.95 (10.0%)

10% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	95.00	2.85	57	5.0	3.95 (4.4%)
Nov 21	95.00	1.15	29	4.0	3.95 (4.4%)

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

Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	UUUU dividend
2.	KVUE dividend	7.	HYG dividend	2.	CRML dividend
3.	NVDA dividend	8.	EEM dividend	3.	UPST dividend
4.	SLV dividend	9.	QQQ dividend	4.	RXRX dividend
5.	GLD dividend	10.	INTC dividend	5.	LQDA dividend

Want more examples? MMTM Dividend | MNA Dividend