MSCI Dividend Type Payments

MSCI Inc dividend

Although MSCI has no upcoming (meaning, Board-approved and announced) dividends, 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 Tue 4:16 PM ET):

MSCI Inc (MSCI)
Bid Ask Last Change Volume P/E Market Cap
530.00 557.63 553.58 +5.23 367K 36 42B

MSCI Dividend-Like Income Using Covered Calls

With MSCI at 553.58, 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% 16.61 4.5
5% 27.68 7.6
10% 55.36 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
Oct 17 560.00 2.45 4 61.3 2.37 (0.4%)
Dec 19 560.00 21.30 67 31.8 2.37 (0.4%)
5% Yield On MSCI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 560.00 2.45 4 61.3 2.37 (0.4%)
Dec 19 560.00 21.30 67 31.8 2.37 (0.4%)
10% Yield On MSCI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 560.00 2.45 4 61.3 2.37 (0.4%)
Dec 19 560.00 21.30 67 31.8 2.37 (0.4%)

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