MNR Dividend

MONMOUTH REAL ESTATE dividend

Although MNR has a dividend of 0.17 with an ex-dividend date of Nov 14, you can sell covered calls on MONMOUTH REAL ESTATE 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):

MONMOUTH REAL ESTATE (MNR)
Bid Ask Last Change Volume P/E Market Cap
13.80 15.59 15.48 +0.07 932K 31 1.3B

MNR Dividend-Like Income Using Covered Calls

With MNR at 15.48, 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% 0.46 0.1
5% 0.77 0.2
10% 1.55 0.4

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:

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Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.SPX dividend   1.SNAP dividend
2.EWZ dividend 7.FXI dividend   2.TWTR dividend
3.EEM dividend 8.VXX dividend   3.AMRN dividend
4.PBR dividend 9.IWM dividend   4.AMD dividend
5.QQQ dividend 10.BAC dividend   5.UVXY dividend

Want more examples? MNOV Dividend | MNRO Dividend