MAA Dividend Type Payments

MID-America, Inc dividend

Although MAA has no upcoming (meaning, Board-approved and announced) dividends, 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 Mon 4:16 PM ET):

MID-America, Inc (MAA)
Bid Ask Last Change Volume P/E Market Cap
118.18 122.15 120.95 +0.25 421K 59 14B

MAA Dividend-Like Income Using Covered Calls

With MAA at 120.95, 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% 3.63 1.0
5% 6.05 1.7
10% 12.10 3.3

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 MAA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 125.00 0.85 33 2.6 2.85 (2.4%)
Sep 20 125.00 1.60 68 2.4 2.85 (2.4%)
5% Yield On MAA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 125.00 0.85 33 2.6 2.85 (2.4%)
Sep 20 125.00 1.60 68 2.4 2.85 (2.4%)

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