MCRI Dividend Type Payments

Although MCRI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MONARCH CASINO & RESORT to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:50 PM ET):

MONARCH CASINO & RESORT (MCRI)
Bid Ask Last Change Volume P/E Market Cap
45.87 46.15 46.25 +1.10 6K 27 0.8B

MCRI Dividend-Like Income Using Covered Calls

With MCRI at 46.25, 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% 1.39 0.4
5% 2.31 0.6
10% 4.63 1.3

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 MCRI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 50.00 0.80 151 0.5 3.85 (8.3%)

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Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
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4.QQQ dividend 9.AMD dividend   4.ARWR dividend
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Want more examples? MCRB Dividend | MCRN Dividend