MT Dividend

Although MT has a dividend of 0.25 with an ex-dividend date of Nov 12, you can sell covered calls on Arcelor Mittal NY Registry Shares NEW to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:00 PM ET):

Arcelor Mittal NY Registry Shares NEW (MT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
23.78	23.79	23.79	-0.18	1.0M	-	25B

MT Dividend-Like Income Using Covered Calls

With MT at 23.79, 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%	0.71	0.2
5%	1.19	0.3
10%	2.38	0.7

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 MT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 1	24.00	0.75	40	1.9	0.21 (0.9%)
Oct 4	24.00	0.30	12	2.5	0.21 (0.9%)

5% Yield On MT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 1	24.00	0.75	40	1.9	0.21 (0.9%)
Oct 4	24.00	0.30	12	2.5	0.21 (0.9%)

10% Yield On MT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 1	24.00	0.75	40	1.9	0.21 (0.9%)
Oct 4	24.00	0.30	12	2.5	0.21 (0.9%)

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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? MSTX Dividend | MTB Dividend