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 Thu 4:16 PM ET):
Manchester United Ltd. Class A Ordinary Shares (MANU) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
16.66 | 17.98 | 17.93 | +0.69 | 289K | - | 2.8B |
MANU Dividend-Like Income Using Covered Calls
With MANU at 17.93, 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% | 0.54 | 0.1 |
5% | 0.90 | 0.2 |
10% | 1.79 | 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 | |
Dec 20 | 18.00 | 0.52 | 44 | 1.2 | 0.02 (0.1%) | |
Jan 16 | 18.00 | 2.50 | 436 | 0.6 | 0.02 (0.1%) |
5% Yield On MANU Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 18.00 | 0.52 | 44 | 1.2 | 0.02 (0.1%) | |
Jan 16 | 18.00 | 2.50 | 436 | 0.6 | 0.02 (0.1%) |
10% Yield On MANU Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 18.00 | 0.52 | 44 | 1.2 | 0.02 (0.1%) | |
Jan 16 | 18.00 | 2.50 | 436 | 0.6 | 0.02 (0.1%) |
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Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | FXI dividend | 6. | IWM dividend | 1. | RDFN dividend | |
2. | NVDA dividend | 7. | TLT dividend | 2. | AFRM dividend | |
3. | SLV dividend | 8. | TSLA dividend | 3. | DKNG dividend | |
4. | SPY dividend | 9. | XLF dividend | 4. | PINS dividend | |
5. | EEM dividend | 10. | EWZ dividend | 5. | IOVA dividend |
Want more examples? MANH Dividend | MAPP Dividend