MAS Dividend Type Payments

Masco Corporation dividend

Although MAS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Masco Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:50 PM ET):

Masco Corporation (MAS)
Bid Ask Last Change Volume P/E Market Cap
67.57 67.60 67.59 +0.08 703K 18 14B

MAS Dividend-Like Income Using Covered Calls

With MAS at 67.59, 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% 2.03 0.6
5% 3.38 0.9
10% 6.76 1.9

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 MAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 2.60 65 4.0 2.40 (3.6%)
Nov 21 70.00 2.00 37 5.4 2.40 (3.6%)
5% Yield On MAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 2.60 65 4.0 2.40 (3.6%)
Nov 21 70.00 2.00 37 5.4 2.40 (3.6%)
10% Yield On MAS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 2.60 65 4.0 2.40 (3.6%)
Nov 21 70.00 2.00 37 5.4 2.40 (3.6%)

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