MANU Dividend Type Payments
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 Tue 4:16 PM ET):
| Manchester United Ltd. Class A Ordinary Shares (MANU) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 19.41 | 19.60 | 19.41 | +0.05 | 934K | - | 3.2B |
MANU Dividend-Like Income Using Covered Calls
With MANU at 19.41, 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% | 0.58 | 0.2 |
| 5% | 0.97 | 0.3 |
| 10% | 1.94 | 0.5 |
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 29 | 20.00 | 0.20 | 4 | 5.0 | 0.40 (2.1%) | |
| Oct 6 | 20.00 | 0.45 | 11 | 4.1 | 0.40 (2.1%) | |
| 5% Yield On MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 29 | 20.00 | 0.20 | 4 | 5.0 | 0.40 (2.1%) | |
| Oct 6 | 20.00 | 0.45 | 11 | 4.1 | 0.40 (2.1%) | |
| 10% Yield On MANU Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 29 | 20.00 | 0.20 | 4 | 5.0 | 0.40 (2.1%) | |
| Oct 6 | 20.00 | 0.45 | 11 | 4.1 | 0.40 (2.1%) | |
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| Top 10 Open Interest For Oct 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | FXI dividend | 1. | SNDX dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | REPL dividend | |
| 3. | TLT dividend | 8. | AMZN dividend | 3. | DYN dividend | |
| 4. | QQQ dividend | 9. | HYG dividend | 4. | APLD dividend | |
| 5. | AAPL dividend | 10. | IWM dividend | 5. | AFRM dividend | |
Want more examples? MANH Dividend | MAPP Dividend
