MMYT Dividend Type Payments

Although MMYT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MakeMyTrip Limited - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 3:35 PM ET):

MakeMyTrip Limited - Ordinary Shares (MMYT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
91.65	91.67	91.66	-9.22	6.0M	53	6.6B

MMYT Dividend-Like Income Using Covered Calls

With MMYT at 91.66, 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%	2.75	0.8
5%	4.58	1.3
10%	9.17	2.5

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 MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	3.40	60	5.7	8.33 (9.1%)
Jul 18	100.00	0.35	32	1.1	8.33 (9.1%)

5% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	3.40	60	5.7	8.33 (9.1%)
Jul 18	105.00	0.65	32	2.0	13.33 (14.5%)

10% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	100.00	3.40	60	5.7	8.33 (9.1%)
Jul 18	95.00	2.70	32	8.4	3.33 (3.6%)

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Want more examples? MMTM Dividend | MNA Dividend