MATW Dividend

Although MATW has a dividend of 0.24 with an ex-dividend date of May 3, you can sell covered calls on Matthews International Corporation - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Matthews International Corporation - Class A (MATW)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
23.19	28.87	27.55	+0.63	161K	26	0.8B

MATW Dividend-Like Income Using Covered Calls

With MATW at 27.55, 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%	0.83	0.2
5%	1.38	0.4
10%	2.76	0.8

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 MATW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	30.00	0.10	23	0.4	1.13 (4.1%)
Sep 20	30.00	1.10	149	0.7	1.13 (4.1%)

5% Yield On MATW Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	30.00	0.10	23	0.4	1.13 (4.1%)
Sep 20	30.00	1.10	149	0.7	1.13 (4.1%)

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Want more examples? MAT Dividend | MATX Dividend