MCC Dividend Type Payments


Although MCC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MEDLEY CAPITAL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 3:20 PM ET):

Bid Ask Last Change Volume P/E Market Cap
3.58 3.59 3.59 -0.01 125K - 0.2B

MCC Dividend-Like Income Using Covered Calls

With MCC at 3.59, here's a table showing how big the annual "dividend" (ie. 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% 0.11 0.0
5% 0.18 0.0
10% 0.36 0.1

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 MCC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 5.00 0.05 124 0.0 1.41 (39.3%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.VKTX dividend
2.EEM dividend 7.IWM dividend   2.UVXY dividend
3.EWZ dividend 8.FXI dividend   3.AMRN dividend
4.QQQ dividend 9.BAC dividend   4.CRON dividend
5.SPX dividend 10.VXX dividend   5.TLRY dividend

Want more examples? MCBC Dividend | MCD Dividend