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
210.03 220.00 211.88 +6.96 849K 61 16B

MTZ Dividend-Like Income Using Covered Calls

With MTZ at 211.88, 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% 6.36 1.7
5% 10.59 2.9
10% 21.19 5.8

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
Dec 19 220.00 12.30 57 21.6 0.00 (0.0%)
Nov 21 220.00 8.80 29 30.3 0.00 (0.0%)
5% Yield On MTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 220.00 12.30 57 21.6 0.00 (0.0%)
Nov 21 220.00 8.80 29 30.3 0.00 (0.0%)
10% Yield On MTZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 220.00 12.30 57 21.6 0.00 (0.0%)
Nov 21 220.00 8.80 29 30.3 0.00 (0.0%)

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Want more examples? MTX Dividend | MU Dividend