MSCI Dividend

Although MSCI has a dividend of 1.80 with an ex-dividend date of May 16, you can sell covered calls on MSCI Inc 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):

MSCI Inc (MSCI)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
552.24	575.00	555.82	+9.75	389K	38	42B

MSCI Dividend-Like Income Using Covered Calls

With MSCI at 555.82, 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%	16.67	4.6
5%	27.79	7.6
10%	55.58	15.2

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:

3% Yield On MSCI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	580.00	1.05	15	7.0	5.00 (0.9%)
Sep 19	580.00	26.50	141	18.8	5.00 (0.9%)

5% Yield On MSCI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	580.00	26.50	141	18.8	5.00 (0.9%)
Dec 19	580.00	40.20	232	17.3	5.00 (0.9%)

10% Yield On MSCI Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	580.00	26.50	141	18.8	5.00 (0.9%)
Dec 19	580.00	40.20	232	17.3	5.00 (0.9%)

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Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	IWM dividend	1.	APP dividend
2.	SPY dividend	7.	FXI dividend	2.	CVI dividend
3.	TLT dividend	8.	GLD dividend	3.	PTON dividend
4.	SLV dividend	9.	TSLA dividend	4.	PINS dividend
5.	QQQ dividend	10.	INTC dividend	5.	UPST dividend

Want more examples? MSB Dividend | MSEX Dividend