MTD Dividend Type Payments
Although MTD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Mettler-Toledo International, Inc. 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):
| Mettler-Toledo International, Inc. (MTD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1,087.62 | 1,191.05 | 1,163.61 | +9.68 | 138K | 29 | 24B |
MTD Dividend-Like Income Using Covered Calls
With MTD at 1,163.61, 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% | 0.03 | 0.0 |
| 5% | 0.05 | 0.0 |
| 10% | 0.10 | 0.0 |
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 MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 1190.00 | 48.50 | 54 | 87.9 | 0.00 (0.0%) | |
| Oct 17 | 1190.00 | 78.00 | 117 | 65.8 | 0.00 (0.0%) | |
| 5% Yield On MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 1190.00 | 48.50 | 54 | 87.9 | 0.00 (0.0%) | |
| Oct 17 | 1190.00 | 78.00 | 117 | 65.8 | 0.00 (0.0%) | |
| 10% Yield On MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 1190.00 | 48.50 | 54 | 87.9 | 0.00 (0.0%) | |
| Oct 17 | 1190.00 | 78.00 | 117 | 65.8 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | TSLA dividend | 1. | COGT dividend | |
| 2. | NVDA dividend | 7. | IWM dividend | 2. | ALT dividend | |
| 3. | SPY dividend | 8. | FXI dividend | 3. | RUN dividend | |
| 4. | GLD dividend | 9. | AAPL dividend | 4. | APLD dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | HTZ dividend | |
Want more examples? MTCH Dividend | MTDR Dividend
