MSGS Dividend Type Payments
Although MSGS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Madison Square Garden Sports Corp. Class A (New) 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 Sports Corp. Class A (New) (MSGS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 205.05 | 212.38 | 206.10 | -0.92 | 76K | 85 | 5.0B |
MSGS Dividend-Like Income Using Covered Calls
With MSGS at 206.10, 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% | 6.18 | 1.7 |
| 5% | 10.31 | 2.8 |
| 10% | 20.61 | 5.6 |
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 MSGS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 220.00 | 1.85 | 54 | 3.4 | 7.62 (3.7%) | |
| Dec 20 | 220.00 | 3.00 | 89 | 3.4 | 7.62 (3.7%) | |
| 5% Yield On MSGS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 220.00 | 1.85 | 54 | 3.4 | 7.62 (3.7%) | |
| Dec 20 | 220.00 | 3.00 | 89 | 3.4 | 7.62 (3.7%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| 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? MSGE Dividend | MSI Dividend
