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 Tue 3:45 PM ET):

Moelis & Company Class A (MC)
Bid Ask Last Change Volume P/E Market Cap
67.46 67.54 67.47 +1.70 457K 26 5.2B

MC Dividend-Like Income Using Covered Calls

With MC at 67.47, 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% 2.02 0.6
5% 3.37 0.9
10% 6.75 1.8

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 MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 21 70.00 0.25 39 0.6 2.46 (3.6%)
Jan 16 70.00 2.10 95 2.2 2.46 (3.6%)
5% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 70.00 2.10 95 2.2 2.46 (3.6%)
Apr 17 70.00 3.80 186 2.0 2.46 (3.6%)
10% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 70.00 2.10 95 2.2 2.46 (3.6%)
Apr 17 70.00 3.80 186 2.0 2.46 (3.6%)

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