MC Dividend Type Payments

Moelis & Company Class A dividend

Although MC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Moelis & Company Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Moelis & Company Class A (MC)
Bid Ask Last Change Volume P/E Market Cap
62.90 73.99 70.09 -0.16 462K 27 5.5B

MC Dividend-Like Income Using Covered Calls

With MC at 70.09, 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% 2.10 0.6
5% 3.50 1.0
10% 7.01 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 MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 75.00 0.55 73 0.8 1.01 (1.4%)
Jan 16 75.00 3.60 164 2.2 1.01 (1.4%)
5% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 75.00 3.60 164 2.2 1.01 (1.4%)
10% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 75.00 3.60 164 2.2 1.01 (1.4%)

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