MTZ Dividend Type Payments

MasTec, Inc. dividend

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

MasTec, Inc. (MTZ)
Bid Ask Last Change Volume P/E Market Cap
165.77 179.00 177.67 +1.10 849K 65 14B

MTZ Dividend-Like Income Using Covered Calls

With MTZ at 177.67, 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% 5.33 1.5
5% 8.88 2.4
10% 17.77 4.9

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 MTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 180.00 8.20 29 28.3 1.00 (0.6%)
Oct 17 180.00 12.60 92 13.7 1.00 (0.6%)
5% Yield On MTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 180.00 8.20 29 28.3 1.00 (0.6%)
Oct 17 180.00 12.60 92 13.7 1.00 (0.6%)
10% Yield On MTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 180.00 8.20 29 28.3 1.00 (0.6%)
Oct 17 180.00 12.60 92 13.7 1.00 (0.6%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
 
Top 10 Open Interest For Aug 15 Expiration     Top 5 High Yield
1.SLV dividend 6.IBIT dividend   1.CELC dividend
2.NVDA dividend 7.TSLA dividend   2.CRML dividend
3.GLD dividend 8.AMZN dividend   3.NFE dividend
4.IWM dividend 9.AAPL dividend   4.ARES dividend
5.SPY dividend 10.SMCI dividend   5.MBX dividend

Want more examples? MTX Dividend | MU Dividend