MANU Dividend Type Payments

Manchester United Ltd. Class A Ordinary Shares dividend

Although MANU has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Manchester United Ltd. Class A Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 9:55 AM ET):

Manchester United Ltd. Class A Ordinary Shares (MANU)
Bid Ask Last Change Volume P/E Market Cap
13.73 13.79 13.76 +0.02 7K - 2.2B

MANU Dividend-Like Income Using Covered Calls

With MANU at 13.76, 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% 0.41 0.1
5% 0.69 0.2
10% 1.38 0.4

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 MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 14.00 0.90 142 0.6 0.21 (1.5%)
5% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 14.00 0.90 142 0.6 0.21 (1.5%)
10% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 14.00 0.90 142 0.6 0.21 (1.5%)

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