MMI Dividend Type Payments

MARCUS & MILLICHAP INC dividend

Although MMI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MARCUS & MILLICHAP INC to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:30 AM ET):

MARCUS & MILLICHAP INC (MMI)
Bid Ask Last Change Volume P/E Market Cap
37.81 37.85 37.83 +0.16 32K 23 1.5B

MMI Dividend-Like Income Using Covered Calls

With MMI at 37.83, 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% 1.13 0.3
5% 1.89 0.5
10% 3.78 1.0

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 MMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 21 40.00 0.15 39 0.4 2.15 (5.7%)
Nov 16 40.00 0.80 95 0.8 2.15 (5.7%)
5% Yield On MMI Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 40.00 0.80 95 0.8 2.15 (5.7%)
Feb 15 40.00 1.30 186 0.7 2.15 (5.7%)

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Top 10 Open Interest For Aug 17 Expiration     Top 5 High Yield
1.SPY dividend 6.BAC dividend   1.M dividend
2.EEM dividend 7.AABA dividend   2.DBD dividend
3.QQQ dividend 8.FXI dividend   3.UVXY dividend
4.SPX dividend 9.FB dividend   4.CGC dividend
5.XLF dividend 10.GLD dividend   5.GDS dividend

Want more examples? MMC Dividend | MMIN Dividend