MSA Dividend Type Payments
Although MSA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MSA Safety Incorporated to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
MSA Safety Incorporated (MSA) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
173.82 | 189.63 | 182.29 | +1.28 | 129K | 26 | 7.1B |
MSA Dividend-Like Income Using Covered Calls
With MSA at 182.29, 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% | 5.47 | 1.5 |
5% | 9.11 | 2.5 |
10% | 18.23 | 5.0 |
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 MSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 190.00 | 0.40 | 26 | 1.5 | 0.37 (0.2%) | |
Dec 20 | 190.00 | 2.50 | 89 | 2.8 | 0.37 (0.2%) |
5% Yield On MSA Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 190.00 | 2.50 | 89 | 2.8 | 0.37 (0.2%) | |
Mar 21 | 190.00 | 6.50 | 180 | 3.6 | 0.37 (0.2%) |
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Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | SLV dividend | 1. | WULF dividend | |
2. | IWM dividend | 7. | GLD dividend | 2. | CPRI dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | DJT dividend | |
4. | QQQ dividend | 9. | EEM dividend | 4. | MSTR dividend | |
5. | HYG dividend | 10. | AAPL dividend | 5. | SMCI dividend |
Want more examples? MS Dividend | MSB Dividend