MKSI Dividend Type Payments
Although MKSI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MKS Instruments, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:15 AM ET):
MKS Instruments, Inc (MKSI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
84.50 | 84.58 | 84.50 | -0.74 | 107K | 12 | 4.6B |
MKSI Dividend-Like Income Using Covered Calls
With MKSI at 84.50, 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% | 2.54 | 0.7 |
5% | 4.23 | 1.2 |
10% | 8.45 | 2.3 |
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 MKSI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 15 | 90.00 | 0.55 | 22 | 2.5 | 5.42 (6.4%) | |
Apr 18 | 95.00 | 0.75 | 56 | 1.3 | 10.42 (12.3%) |
5% Yield On MKSI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 15 | 90.00 | 0.55 | 22 | 2.5 | 5.42 (6.4%) | |
Apr 18 | 95.00 | 0.75 | 56 | 1.3 | 10.42 (12.3%) |
10% Yield On MKSI Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Mar 15 | 90.00 | 0.55 | 22 | 2.5 | 5.42 (6.4%) | |
Apr 18 | 90.00 | 1.90 | 56 | 3.4 | 5.42 (6.4%) |
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Top 10 Open Interest For Mar 15 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | SPX dividend | 6. | EWZ dividend | 1. | CRON dividend | |
2. | EEM dividend | 7. | GE dividend | 2. | AMRN dividend | |
3. | SPY dividend | 8. | LLY dividend | 3. | FIT dividend | |
4. | QQQ dividend | 9. | BAC dividend | 4. | KPTI dividend | |
5. | FXI dividend | 10. | GLD dividend | 5. | IMGN dividend |
Want more examples? MKL Dividend | MKTX Dividend