MAA Dividend

MID-America, Inc dividend

Although MAA has a dividend of 0.96 with an ex-dividend date of Jan 14, you can sell covered calls on MID-America, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

MID-America, Inc (MAA)
Bid Ask Last Change Volume P/E Market Cap
101.47 104.00 101.47 +1.57 536K - 0.0B

MAA Dividend-Like Income Using Covered Calls

With MAA at 101.47, here's a table showing how big the annual "dividend" (ie. 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% 3.04 0.8
5% 5.07 1.4
10% 10.15 2.8

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 MAA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 105.00 0.65 37 1.8 1.00 (1.0%)
Mar 15 105.00 1.80 93 1.9 1.00 (1.0%)
5% Yield On MAA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 18 105.00 0.65 37 1.8 1.00 (1.0%)
Mar 15 105.00 1.80 93 1.9 1.00 (1.0%)

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