MTB Dividend Type Payments

M&T Bank Corporation dividend

Although MTB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on M&T Bank Corporation 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):

M&T Bank Corporation (MTB)
Bid Ask Last Change Volume P/E Market Cap
163.65 182.50 179.71 +3.34 809K 12 29B

MTB Dividend-Like Income Using Covered Calls

With MTB at 179.71, 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% 5.39 1.5
5% 8.99 2.5
10% 17.97 4.9

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 MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 185.00 5.60 45 12.4 2.50 (1.4%)
Apr 17 185.00 3.40 16 21.3 2.50 (1.4%)
5% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 185.00 5.60 45 12.4 2.50 (1.4%)
Apr 17 185.00 3.40 16 21.3 2.50 (1.4%)
10% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 185.00 5.60 45 12.4 2.50 (1.4%)
Apr 17 185.00 3.40 16 21.3 2.50 (1.4%)

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Top 10 Open Interest For Apr 17 Expiration     Top 5 High Yield
1.NVDA dividend 6.IWM dividend   1.QBTS dividend
2.SPY dividend 7.NIO dividend   2.OKLO dividend
3.SLV dividend 8.EEM dividend   3.IONQ dividend
4.ASHR dividend 9.TLT dividend   4.RIOT dividend
5.QQQ dividend 10.TSLA dividend   5.IREN dividend

Want more examples? MT Dividend | MTCH Dividend