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 Fri 4:16 PM ET):

Moelis & Company Class A (MC)
Bid Ask Last Change Volume P/E Market Cap
54.34 59.60 55.99 -2.92 1.1M 27 4.6B

MC Dividend-Like Income Using Covered Calls

With MC at 55.99, 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% 1.68 0.5
5% 2.80 0.8
10% 5.60 1.5

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 60.00 1.55 127 1.2 0.40 (0.7%)
Jul 18 60.00 0.70 36 1.9 0.40 (0.7%)
5% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 60.00 1.55 127 1.2 0.40 (0.7%)
Jul 18 60.00 0.70 36 1.9 0.40 (0.7%)
10% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jul 18 60.00 0.70 36 1.9 0.40 (0.7%)

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