MSGE Dividend Type Payments
Although MSGE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Madison Square Garden Entertainment Corp. Class A 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):
Madison Square Garden Entertainment Corp. Class A (MSGE) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
16.75 | 44.00 | 41.50 | -0.63 | 321K | 14 | 1.7B |
MSGE Dividend-Like Income Using Covered Calls
With MSGE at 41.50, 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% | 1.25 | 0.3 |
5% | 2.08 | 0.6 |
10% | 4.15 | 1.1 |
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 MSGE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Oct 18 | 45.00 | 0.10 | 26 | 0.4 | 1.00 (2.4%) | |
Jan 17 | 45.00 | 1.20 | 117 | 1.0 | 1.00 (2.4%) |
5% Yield On MSGE Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Jan 17 | 45.00 | 1.20 | 117 | 1.0 | 1.00 (2.4%) | |
Apr 17 | 45.00 | 1.45 | 207 | 0.7 | 1.00 (2.4%) |
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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? MSFT Dividend | MSGS Dividend