MAR Dividend Type Payments

Marriot Intl CL A dividend

Although MAR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marriot Intl CL A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Marriot Intl CL A (MAR)
Bid Ask Last Change Volume P/E Market Cap
107.34 109.01 107.66 -1.19 2.2M - 0.0B

MAR Dividend-Like Income Using Covered Calls

With MAR at 107.66, 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% 3.23 0.9
5% 5.38 1.5
10% 10.77 2.9

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 MAR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 113.00 0.20 8 2.5 3.99 (3.7%)
Dec 28 115.00 0.20 15 1.3 5.99 (5.6%)
5% Yield On MAR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 113.00 0.20 8 2.5 3.99 (3.7%)
Dec 28 114.00 0.30 15 2.0 4.99 (4.6%)
10% Yield On MAR Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 112.00 0.30 8 3.8 2.99 (2.8%)
Dec 28 113.00 0.45 15 3.0 3.99 (3.7%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
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