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 4:16 PM ET):

Manchester United Ltd. Class A Ordinary Shares (MANU)
Bid Ask Last Change Volume P/E Market Cap
15.75 16.20 16.06 +0.27 433K - 2.6B

MANU Dividend-Like Income Using Covered Calls

With MANU at 16.06, 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% 0.48 0.1
5% 0.80 0.2
10% 1.61 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
May 17 16.50 0.13 23 0.6 0.30 (1.9%)
May 31 17.00 0.07 37 0.2 0.80 (5.0%)
5% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 16.50 0.13 23 0.6 0.30 (1.9%)
Jun 21 17.00 0.40 58 0.7 0.80 (5.0%)
10% Yield On MANU Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 17 16.50 0.13 23 0.6 0.30 (1.9%)
Jun 21 17.00 0.40 58 0.7 0.80 (5.0%)

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