MDT Dividend

Although MDT has a dividend of 0.71 with an ex-dividend date of Jun 27, you can sell covered calls on Medtronic plc. Ordinary Shares 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):

Medtronic plc. Ordinary Shares (MDT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
87.00	88.80	87.27	-1.22	6.2M	27	114B

MDT Dividend-Like Income Using Covered Calls

With MDT at 87.27, 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%	2.62	0.7
5%	4.36	1.2
10%	8.73	2.4

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 MDT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	89.00	0.58	21	2.8	0.20 (0.2%)
Jul 11	89.00	0.76	29	2.6	0.20 (0.2%)

5% Yield On MDT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	89.00	0.58	21	2.8	0.20 (0.2%)
Jul 11	89.00	0.76	29	2.6	0.20 (0.2%)

10% Yield On MDT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 3	89.00	0.58	21	2.8	0.20 (0.2%)
Jul 11	89.00	0.76	29	2.6	0.20 (0.2%)

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

Top 10 Open Interest For Jun 20 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	TSLA dividend	1.	AES dividend
2.	SPY dividend	7.	GLD dividend	2.	DYN dividend
3.	QQQ dividend	8.	EEM dividend	3.	RUN dividend
4.	SLV dividend	9.	FXI dividend	4.	ALT dividend
5.	IWM dividend	10.	TLT dividend	5.	CAPR dividend

Want more examples? MDLZ Dividend | MDU Dividend