MTRX Dividend Type Payments

Matrix Service Company dividend

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

Matrix Service Company (MTRX)
Bid Ask Last Change Volume P/E Market Cap
13.00 14.10 13.87 -0.08 103K - 0.4B

MTRX Dividend-Like Income Using Covered Calls

With MTRX at 13.87, 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% 0.42 0.1
5% 0.69 0.2
10% 1.39 0.4

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:

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Top 10 Open Interest For Jul 18 Expiration     Top 5 High Yield
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3.SPY dividend 8.TLT dividend   3.IONQ dividend
4.IWM dividend 9.IBIT dividend   4.TMC dividend
5.TSLA dividend 10.QQQ dividend   5.SMMT dividend

Want more examples? MTRN Dividend | MTSI Dividend