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 Mon 4:16 PM ET):
| Marriott International - Class A (MAR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 258.00 | 261.66 | 257.91 | +2.92 | 1.9M | 29 | 70B |
MAR Dividend-Like Income Using Covered Calls
With MAR at 257.91, 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% | 7.74 | 2.1 |
| 5% | 12.90 | 3.5 |
| 10% | 25.79 | 7.1 |
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 | |
| Jul 3 | 262.50 | 1.45 | 18 | 8.1 | 0.84 (0.3%) | |
| Jul 11 | 265.00 | 1.70 | 26 | 6.5 | 3.34 (1.3%) | |
| 5% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 3 | 262.50 | 1.45 | 18 | 8.1 | 0.84 (0.3%) | |
| Jul 11 | 265.00 | 1.70 | 26 | 6.5 | 3.34 (1.3%) | |
| 10% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 3 | 262.50 | 1.45 | 18 | 8.1 | 0.84 (0.3%) | |
| Aug 15 | 270.00 | 6.50 | 61 | 10.7 | 8.34 (3.2%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ALT dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | RUN dividend | |
| 3. | QQQ dividend | 8. | TLT dividend | 3. | BBAI dividend | |
| 4. | TSLA dividend | 9. | AAPL dividend | 4. | CAPR dividend | |
| 5. | GLD dividend | 10. | INTC dividend | 5. | COGT dividend | |
Want more examples? MAPP Dividend | MARA Dividend
