MOH Dividend Type Payments
Although MOH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Molina Healthcare Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:35 PM ET):
| Molina Healthcare Inc (MOH) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 317.33 | 317.75 | 317.54 | +1.57 | 252K | 16 | 18B |
MOH Dividend-Like Income Using Covered Calls
With MOH at 317.54, 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% | 9.53 | 2.6 |
| 5% | 15.88 | 4.3 |
| 10% | 31.75 | 8.7 |
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 MOH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 320.00 | 13.50 | 31 | 43.5 | 2.25 (0.7%) | |
| Sep 19 | 320.00 | 37.70 | 186 | 20.3 | 2.25 (0.7%) | |
| 5% Yield On MOH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 320.00 | 13.50 | 31 | 43.5 | 2.25 (0.7%) | |
| Sep 19 | 320.00 | 37.70 | 186 | 20.3 | 2.25 (0.7%) | |
| 10% Yield On MOH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 320.00 | 13.50 | 31 | 43.5 | 2.25 (0.7%) | |
| Sep 19 | 320.00 | 37.70 | 186 | 20.3 | 2.25 (0.7%) | |
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| Top 10 Open Interest For Mar 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | ASO dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | EWTX dividend | |
| 3. | IWM dividend | 8. | KWEB dividend | 3. | OLLI dividend | |
| 4. | FXI dividend | 9. | INTC dividend | 4. | WSM dividend | |
| 5. | QQQ dividend | 10. | TLT dividend | 5. | RGTI dividend | |
Want more examples? MOG.A Dividend | MOMO Dividend
