MANH Dividend Type Payments
Although MANH has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Manhattan Associates, 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):
| Manhattan Associates, Inc. (MANH) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 170.00 | 188.77 | 175.57 | +2.09 | 639K | 49 | 11B |
MANH Dividend-Like Income Using Covered Calls
With MANH at 175.57, 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% | 5.27 | 1.4 |
| 5% | 8.78 | 2.4 |
| 10% | 17.56 | 4.8 |
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 MANH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 190.00 | 7.50 | 93 | 8.1 | 1.23 (0.7%) | |
| Jul 17 | 190.00 | 14.10 | 184 | 7.7 | 1.23 (0.7%) | |
| 5% Yield On MANH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 190.00 | 7.50 | 93 | 8.1 | 1.23 (0.7%) | |
| Jul 17 | 190.00 | 14.10 | 184 | 7.7 | 1.23 (0.7%) | |
| 10% Yield On MANH Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 190.00 | 7.50 | 93 | 8.1 | 1.23 (0.7%) | |
| Jul 17 | 190.00 | 14.10 | 184 | 7.7 | 1.23 (0.7%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | HYG dividend | 1. | AEVA dividend | |
| 2. | NVDA dividend | 7. | AAPL dividend | 2. | SBET dividend | |
| 3. | SLV dividend | 8. | INTC dividend | 3. | LQDA dividend | |
| 4. | IBIT dividend | 9. | QQQ dividend | 4. | SERV dividend | |
| 5. | CORZ dividend | 10. | TLT dividend | 5. | CLPT dividend | |
Want more examples? MAN Dividend | MANU Dividend
