MAA Dividend Type Payments
Although MAA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MID-AMERICA 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):
| MID-AMERICA (MAA) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 94.63 | 101.00 | 94.61 | -0.25 | 701K | 32 | 11B |
MAA Dividend-Like Income Using Covered Calls
With MAA at 94.61, 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% | 2.84 | 0.8 |
| 5% | 4.73 | 1.3 |
| 10% | 9.46 | 2.6 |
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:
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| Top 10 Open Interest For Oct 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SPY dividend | 6. | MU dividend | 1. | UVXY dividend | |
| 2. | SPX dividend | 7. | FXI dividend | 2. | CRON dividend | |
| 3. | EEM dividend | 8. | AMD dividend | 3. | TLRY dividend | |
| 4. | QQQ dividend | 9. | XLF dividend | 4. | PYX dividend | |
| 5. | PBR dividend | 10. | BABA dividend | 5. | AMRN dividend | |
Want more examples? MA Dividend | MAC Dividend
