MMC Dividend Type Payments

Although MMC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marsh & McLennan Companies, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Marsh & McLennan Companies, Inc. (MMC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
210.00	218.95	212.72	-5.11	3.9M	27	107B

MMC Dividend-Like Income Using Covered Calls

With MMC at 212.72, 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%	6.38	1.7
5%	10.64	2.9
10%	21.27	5.8

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 MMC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	220.00	3.40	45	7.6	1.05 (0.5%)
Oct 17	220.00	5.80	108	5.4	1.05 (0.5%)

5% Yield On MMC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	220.00	3.40	45	7.6	1.05 (0.5%)
Oct 17	220.00	5.80	108	5.4	1.05 (0.5%)

10% Yield On MMC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	220.00	3.40	45	7.6	1.05 (0.5%)
Jul 18	220.00	1.70	17	10.0	1.05 (0.5%)

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Want more examples? MLR Dividend | MMI Dividend