MAR Dividend Type Payments
Although MAR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marriott International - Class A 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):
Marriott International - Class A (MAR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
239.10 | 239.69 | 239.69 | +2.28 | 1.2M | 23 | 69B |
MAR Dividend-Like Income Using Covered Calls
With MAR at 239.69, 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% | 7.19 | 2.0 |
5% | 11.98 | 3.3 |
10% | 23.97 | 6.6 |
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 | |
Apr 26 | 240.00 | 2.65 | 4 | 66.3 | 0.31 (0.1%) | |
May 3 | 240.00 | 5.80 | 11 | 52.7 | 0.31 (0.1%) |
5% Yield On MAR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 26 | 240.00 | 2.65 | 4 | 66.3 | 0.31 (0.1%) | |
May 3 | 240.00 | 5.80 | 11 | 52.7 | 0.31 (0.1%) |
10% Yield On MAR Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Apr 26 | 240.00 | 2.65 | 4 | 66.3 | 0.31 (0.1%) | |
May 3 | 240.00 | 5.80 | 11 | 52.7 | 0.31 (0.1%) |
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Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IWM dividend | 6. | KWEB dividend | 1. | CIFR dividend | |
2. | HYG dividend | 7. | EEM dividend | 2. | FSLY dividend | |
3. | SPY dividend | 8. | TSLA dividend | 3. | ENPH dividend | |
4. | QQQ dividend | 9. | SLV dividend | 4. | CGC dividend | |
5. | FXI dividend | 10. | EWZ dividend | 5. | SNAP dividend |
Want more examples? MAPP Dividend | MARA Dividend