MASI Dividend Type Payments

Masimo Corp dividend

Although MASI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Masimo Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:35 PM ET):

Masimo Corp (MASI)
Bid Ask Last Change Volume P/E Market Cap
154.10 154.22 154.23 +0.05 80K 44 8.2B

MASI Dividend-Like Income Using Covered Calls

With MASI at 154.23, 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% 4.63 1.3
5% 7.71 2.1
10% 15.42 4.2

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
Aug 16 175.00 0.40 29 1.4 20.78 (13.5%)
Sep 20 175.00 1.10 64 1.7 20.78 (13.5%)
5% Yield On MASI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 170.00 0.75 29 2.6 15.78 (10.2%)
Sep 20 170.00 1.85 64 2.9 15.78 (10.2%)
10% Yield On MASI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 16 165.00 1.50 29 5.2 10.78 (7.0%)
Sep 20 165.00 3.00 64 4.7 10.78 (7.0%)

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Top 10 Open Interest For Aug 16 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1.BFR dividend
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3.EEM dividend 8.BAC dividend   3.ITCI dividend
4.SPX dividend 9.GLD dividend   4.TWTR dividend
5.GDX dividend 10.EWZ dividend   5.PCG dividend

Want more examples? MAS Dividend | MAT Dividend