MCEP Dividend Type Payments

MID-CON ENERGY PARTNERS dividend

Although MCEP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MID-CON ENERGY PARTNERS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

MID-CON ENERGY PARTNERS (MCEP)
Bid Ask Last Change Volume P/E Market Cap
1.46 1.57 1.54 +0.07 53K - 0.0B

MCEP Dividend-Like Income Using Covered Calls

With MCEP at 1.54, 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% 0.05 0.0
5% 0.08 0.0
10% 0.15 0.0

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 MCEP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 2.50 0.05 67 0.1 0.93 (60.4%)
5% Yield On MCEP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 2.50 0.05 67 0.1 0.93 (60.4%)
10% Yield On MCEP Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 2.50 0.05 67 0.1 0.93 (60.4%)

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Want more examples? MCD Dividend | MCF Dividend