NMM Dividend Type Payments
Although NMM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Navios Maritime Partners LP Common Units Representing Limited Partner In to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:10 AM ET):
| Navios Maritime Partners LP Common Units Representing Limited Partner In (NMM) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 64.91 | 65.29 | 65.25 | +1.90 | 118K | 4.9 | 0.3B |
NMM Dividend-Like Income Using Covered Calls
With NMM at 65.25, 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% | 1.96 | 0.5 |
| 5% | 3.26 | 0.9 |
| 10% | 6.53 | 1.8 |
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 NMM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 65.00 | 3.90 | 50 | 7.2 | 0.00 (0.0%) | |
| Oct 18 | 65.00 | 2.30 | 22 | 9.1 | 0.00 (0.0%) | |
| 5% Yield On NMM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 65.00 | 3.90 | 50 | 7.2 | 0.00 (0.0%) | |
| Oct 18 | 65.00 | 2.30 | 22 | 9.1 | 0.00 (0.0%) | |
| 10% Yield On NMM Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 15 | 65.00 | 3.90 | 50 | 7.2 | 0.00 (0.0%) | |
| Oct 18 | 65.00 | 2.30 | 22 | 9.1 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Oct 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | CLSK dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | HUT dividend | |
| 3. | FXI dividend | 8. | HYG dividend | 3. | WULF dividend | |
| 4. | SPY dividend | 9. | TLT dividend | 4. | CPRI dividend | |
| 5. | EEM dividend | 10. | GLD dividend | 5. | PTON dividend | |
Want more examples? NMIH Dividend | NMR Dividend
