TAP Dividend Type Payments
Although TAP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Molson Coors Beverage Company Class B to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
Molson Coors Beverage Company Class B (TAP) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
47.82 | 48.29 | 48.09 | +0.65 | 3.8M | - | 9.1B |
TAP Dividend-Like Income Using Covered Calls
With TAP at 48.09, 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% | 1.44 | 0.4 |
5% | 2.40 | 0.7 |
10% | 4.81 | 1.3 |
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 TAP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 50.00 | 1.15 | 47 | 2.4 | 1.71 (3.6%) | |
Oct 17 | 50.00 | 1.85 | 110 | 1.7 | 1.71 (3.6%) |
5% Yield On TAP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 50.00 | 1.15 | 47 | 2.4 | 1.71 (3.6%) | |
Oct 17 | 50.00 | 1.85 | 110 | 1.7 | 1.71 (3.6%) |
10% Yield On TAP Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 50.00 | 1.15 | 47 | 2.4 | 1.71 (3.6%) | |
Oct 17 | 50.00 | 1.85 | 110 | 1.7 | 1.71 (3.6%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | TLT dividend | 1. | COGT dividend | |
2. | SLV dividend | 7. | TSLA dividend | 2. | ENPH dividend | |
3. | SPY dividend | 8. | AAPL dividend | 3. | SERV dividend | |
4. | GLD dividend | 9. | FXI dividend | 4. | TMC dividend | |
5. | IWM dividend | 10. | QQQ dividend | 5. | CIFR dividend |
Want more examples? TAN Dividend | TAXF Dividend