MASI Dividend Type Payments

MASIMO dividend

Although MASI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MASIMO to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:30 AM ET):

MASIMO (MASI)
Bid Ask Last Change Volume P/E Market Cap
121.37 121.59 121.52 +0.52 34K 51 6.3B

MASI Dividend-Like Income Using Covered Calls

With MASI at 121.52, 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% 3.65 1.0
5% 6.08 1.7
10% 12.15 3.3

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 MASI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 130.00 0.55 30 1.8 8.41 (6.9%)
Dec 21 140.00 1.10 93 1.2 18.41 (15.1%)
5% Yield On MASI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 130.00 0.55 30 1.8 8.41 (6.9%)
Dec 21 130.00 2.95 93 3.2 8.41 (6.9%)
10% Yield On MASI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 125.00 4.00 93 4.3 3.41 (2.8%)
Mar 15 125.00 6.50 177 3.7 3.41 (2.8%)

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Want more examples? MAS Dividend | MAT Dividend