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 |
| 264.00 | 282.45 | 278.07 | +4.86 | 1.5M | 31 | 75B |
MAR Dividend-Like Income Using Covered Calls
With MAR at 278.07, 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% | 8.34 | 2.3 |
| 5% | 13.90 | 3.8 |
| 10% | 27.81 | 7.6 |
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 | |
| Aug 1 | 285.00 | 4.70 | 32 | 14.7 | 2.55 (0.9%) | |
| Jul 3 | 282.50 | 0.45 | 3 | 15.0 | 0.05 (0.0%) | |
| 5% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 285.00 | 4.70 | 32 | 14.7 | 2.55 (0.9%) | |
| Jul 3 | 282.50 | 0.45 | 3 | 15.0 | 0.05 (0.0%) | |
| 10% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 1 | 285.00 | 4.70 | 32 | 14.7 | 2.55 (0.9%) | |
| Jul 3 | 282.50 | 0.45 | 3 | 15.0 | 0.05 (0.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | STZ dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | IREN dividend | |
| 4. | IWM dividend | 9. | FXI dividend | 4. | CIFR dividend | |
| 5. | TSLA dividend | 10. | QQQ dividend | 5. | IONQ dividend | |
Want more examples? MAPP Dividend | MARA Dividend
