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 Fri 4:16 PM ET):

MakeMyTrip Limited - Ordinary Shares (MMYT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
98.00	102.30	100.45	+0.36	879K	115	6.5B

MMYT Dividend-Like Income Using Covered Calls

With MMYT at 100.45, 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%	3.01	0.8
5%	5.02	1.4
10%	10.05	2.8

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 MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	105.00	1.10	43	2.6	2.70 (2.7%)
Dec 19	105.00	4.50	106	4.2	2.70 (2.7%)

5% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	105.00	1.10	43	2.6	2.70 (2.7%)
Dec 19	105.00	4.50	106	4.2	2.70 (2.7%)

10% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	105.00	4.50	106	4.2	2.70 (2.7%)
Nov 21	105.00	5.40	78	6.9	2.70 (2.7%)

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Want more examples? MMTM Dividend | MNA Dividend