MDLZ Dividend

MONDELEZ INTL dividend

Although MDLZ has a dividend of 0.26 with an ex-dividend date of Sep 27, you can sell covered calls on MONDELEZ INTL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

MONDELEZ INTL (MDLZ)
Bid Ask Last Change Volume P/E Market Cap
42.00 42.70 42.11 +0.30 5.6M 21 61B

MDLZ Dividend-Like Income Using Covered Calls

With MDLZ at 42.11, 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% 1.26 0.3
5% 2.11 0.6
10% 4.21 1.2

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 MDLZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 43.00 0.06 9 0.7 0.30 (0.7%)
Aug 31 43.50 0.07 16 0.4 0.80 (1.9%)
5% Yield On MDLZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 43.00 0.06 9 0.7 0.30 (0.7%)
Aug 31 43.00 0.15 16 0.9 0.30 (0.7%)
10% Yield On MDLZ Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 7 43.00 0.39 23 1.7 0.30 (0.7%)
Sep 14 43.00 0.50 30 1.7 0.30 (0.7%)

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