MTRN Dividend Type Payments

Materion Corporation dividend

Although MTRN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Materion Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Materion Corporation (MTRN)
Bid Ask Last Change Volume P/E Market Cap
98.77 108.16 104.14 +3.06 81K 29 2.1B

MTRN Dividend-Like Income Using Covered Calls

With MTRN at 104.14, 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% 3.12 0.9
5% 5.21 1.4
10% 10.41 2.9

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 MTRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 110.00 5.10 242 2.1 1.84 (1.8%)
Jun 20 110.00 5.20 151 3.4 1.84 (1.8%)
5% Yield On MTRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 110.00 5.10 242 2.1 1.84 (1.8%)
Jun 20 110.00 5.20 151 3.4 1.84 (1.8%)
10% Yield On MTRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 110.00 5.20 151 3.4 1.84 (1.8%)
Feb 21 110.00 1.40 32 4.4 1.84 (1.8%)

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Want more examples? MTN Dividend | MTRX Dividend