MANT Dividend Type Payments

ManTech Intl Corp dividend

Although MANT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ManTech Intl Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 1:55 PM ET):

ManTech Intl Corp (MANT)
Bid Ask Last Change Volume P/E Market Cap
66.96 67.08 67.03 +0.33 34K 32 2.7B

MANT Dividend-Like Income Using Covered Calls

With MANT at 67.03, 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% 2.01 0.6
5% 3.35 0.9
10% 6.70 1.8

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 MANT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 75.00 0.25 33 0.8 7.92 (11.8%)
Nov 15 80.00 0.75 124 0.6 12.92 (19.3%)
5% Yield On MANT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 70.00 1.15 33 3.5 2.92 (4.4%)
Nov 15 75.00 1.55 124 1.3 7.92 (11.8%)
10% Yield On MANT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 70.00 1.15 33 3.5 2.92 (4.4%)
Nov 15 70.00 3.00 124 2.4 2.92 (4.4%)

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