MPX Dividend Type Payments
Although MPX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marine Products Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:00 PM ET):
| Marine Products Corporation (MPX) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 8.28 | 8.34 | 8.32 | -0.11 | 5K | 22 | 0.3B |
MPX Dividend-Like Income Using Covered Calls
With MPX at 8.32, 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% | 0.25 | 0.1 |
| 5% | 0.42 | 0.1 |
| 10% | 0.83 | 0.2 |
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:
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. | NVDA dividend | 6. | TLT dividend | 1. | GRAL dividend | |
| 2. | IBIT dividend | 7. | SPY dividend | 2. | SHLS dividend | |
| 3. | KVUE dividend | 8. | QQQ dividend | 3. | PHAT dividend | |
| 4. | TSLA dividend | 9. | GLD dividend | 4. | RZLT dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | IMNM dividend | |
Want more examples? MPWR Dividend | MRCC Dividend
