MRVI Dividend Type Payments
Although MRVI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Maravai LifeSciences Holdings, Inc. - Class A common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| Maravai LifeSciences Holdings, Inc. - Class A common stock (MRVI) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 5.20 |
5.35 |
5.23 |
+0.46 |
1.9M |
- |
1.2B |
MRVI Dividend-Like Income Using Covered Calls
With MRVI at 5.23, 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% |
0.16 |
0.0 |
| 5% |
0.26 |
0.1 |
| 10% |
0.52 |
0.1 |
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 MRVI Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Sep 19 |
7.50 |
0.55 |
242 |
0.2 |
2.15 (41.1%) |
| Jun 20 |
10.00 |
0.10 |
151 |
0.1 |
4.65 (88.9%) |
| 5% Yield On MRVI Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Sep 19 |
7.50 |
0.55 |
242 |
0.2 |
2.15 (41.1%) |
| Jan 16 |
7.50 |
1.00 |
361 |
0.3 |
2.15 (41.1%) |
| 10% Yield On MRVI Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Sep 19 |
7.50 |
0.55 |
242 |
0.2 |
2.15 (41.1%) |
| Jan 16 |
7.50 |
1.00 |
361 |
0.3 |
2.15 (41.1%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
