MC Dividend

Although MC has a dividend of 0.65 with an ex-dividend date of Feb 17, 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 Fri 1:10 PM ET):

Moelis & Company Class A (MC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
72.57	72.73	72.66	+0.98	487K	24	5.6B

MC Dividend-Like Income Using Covered Calls

With MC at 72.66, 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%	2.18	0.6
5%	3.63	1.0
10%	7.27	2.0

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
Apr 17	75.00	2.40	71	3.4	2.27 (3.1%)
Jul 17	75.00	4.60	162	2.8	2.27 (3.1%)

5% Yield On MC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	75.00	2.40	71	3.4	2.27 (3.1%)
Jul 17	75.00	4.60	162	2.8	2.27 (3.1%)

10% Yield On MC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	75.00	2.40	71	3.4	2.27 (3.1%)
Jul 17	75.00	4.60	162	2.8	2.27 (3.1%)

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