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 Wed 4:16 PM ET):
| Mettler-Toledo International, Inc. (MTD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1,460.92 | 1,623.00 | 1,485.56 | +0.78 | 110K | 37 | 30B |
MTD Dividend-Like Income Using Covered Calls
With MTD at 1,485.56, 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 | |
| Oct 16 | 1620.00 | 102.00 | 276 | 35.9 | 0.00 (0.0%) | |
| Apr 17 | 1620.00 | 33.00 | 94 | 31.9 | 0.00 (0.0%) | |
| 5% Yield On MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 16 | 1620.00 | 102.00 | 276 | 35.9 | 0.00 (0.0%) | |
| Apr 17 | 1620.00 | 33.00 | 94 | 31.9 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | CRVS dividend | |
| 2. | IBIT dividend | 7. | SPY dividend | 2. | WYFI dividend | |
| 3. | TLT dividend | 8. | NFLX dividend | 3. | OCUL dividend | |
| 4. | INTC dividend | 9. | QQQ dividend | 4. | TLRY dividend | |
| 5. | AAPL dividend | 10. | GLD dividend | 5. | METC dividend | |
Want more examples? MTCH Dividend | MTDR Dividend
