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 Wed 4:16 PM ET):

Madison Square Garden Entertainment Corp. Class A (MSGE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
42.67	47.25	44.91	+0.31	348K	16	1.8B

MSGE Dividend-Like Income Using Covered Calls

With MSGE at 44.91, 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%	1.35	0.4
5%	2.25	0.6
10%	4.49	1.2

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 MSGE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	50.00	0.15	31	0.5	2.75 (6.1%)
Jan 16	50.00	1.40	122	1.1	2.75 (6.1%)

5% Yield On MSGE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	50.00	1.40	122	1.1	2.75 (6.1%)
Apr 17	50.00	1.85	213	0.9	2.75 (6.1%)

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