MUR Dividend Type Payments

Murphy Oil Corporation dividend

Although MUR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Murphy Oil Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:10 AM ET):

Murphy Oil Corporation (MUR)
Bid Ask Last Change Volume P/E Market Cap
35.24 35.26 35.25 -0.39 44K 9.4 5.4B

MUR Dividend-Like Income Using Covered Calls

With MUR at 35.25, 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% 1.06 0.3
5% 1.76 0.5
10% 3.53 1.0

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 MUR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 37.50 0.85 52 1.6 2.24 (6.4%)
Oct 18 37.50 0.20 24 0.8 2.24 (6.4%)
5% Yield On MUR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 37.50 0.85 52 1.6 2.24 (6.4%)
Oct 18 37.50 0.20 24 0.8 2.24 (6.4%)
10% Yield On MUR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 15 37.50 0.85 52 1.6 2.24 (6.4%)
Dec 20 37.50 1.20 87 1.4 2.24 (6.4%)

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

 
 
Top 10 Open Interest For Oct 18 Expiration     Top 5 High Yield
1.NVDA dividend 6.HYG dividend   1.DJT dividend
2.IWM dividend 7.EEM dividend   2.CLSK dividend
3.SPY dividend 8.FXI dividend   3.WULF dividend
4.SLV dividend 9.GLD dividend   4.CPRI dividend
5.QQQ dividend 10.TLT dividend   5.AMC dividend

Want more examples? MUNI Dividend | MUSA Dividend