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 |
| 105.56 | 112.53 | 112.50 | +4.96 | 799K | 56 | 7.0B |
MMYT Dividend-Like Income Using Covered Calls
With MMYT at 112.50, 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% | 3.38 | 0.9 |
| 5% | 5.63 | 1.5 |
| 10% | 11.25 | 3.1 |
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 | 115.00 | 11.20 | 106 | 10.6 | 2.47 (2.2%) | |
| May 16 | 115.00 | 4.20 | 15 | 28.0 | 2.47 (2.2%) | |
| 5% Yield On MMYT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 115.00 | 11.20 | 106 | 10.6 | 2.47 (2.2%) | |
| May 16 | 115.00 | 4.20 | 15 | 28.0 | 2.47 (2.2%) | |
| 10% Yield On MMYT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 115.00 | 11.20 | 106 | 10.6 | 2.47 (2.2%) | |
| May 16 | 115.00 | 4.20 | 15 | 28.0 | 2.47 (2.2%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | APP dividend | |
| 2. | SPY dividend | 7. | FXI dividend | 2. | CVI dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | PTON dividend | |
| 4. | SLV dividend | 9. | TSLA dividend | 4. | PINS dividend | |
| 5. | QQQ dividend | 10. | INTC dividend | 5. | UPST dividend | |
Want more examples? MMTM Dividend | MNA Dividend
