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 3:45 PM ET):

M&T Bank Corporation (MTB)
Bid Ask Last Change Volume P/E Market Cap
209.69 209.90 209.79 +0.64 562K 13 32B

MTB Dividend-Like Income Using Covered Calls

With MTB at 209.79, 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% 6.29 1.7
5% 10.49 2.9
10% 20.98 5.7

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 MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 210.00 3.00 3 100.0 0.10 (0.0%)
Apr 17 210.00 10.00 94 10.6 0.10 (0.0%)
5% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 210.00 3.00 3 100.0 0.10 (0.0%)
Apr 17 210.00 10.00 94 10.6 0.10 (0.0%)
10% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 210.00 3.00 3 100.0 0.10 (0.0%)
Apr 17 210.00 10.00 94 10.6 0.10 (0.0%)

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