MOG.A Dividend Type Payments
Although MOG.A has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Moog Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:50 AM ET):
Moog Inc. Class A (MOG.A) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
158.24 |
160.28 |
159.66 |
+0.80 |
2K |
30 |
5.1B |
MOG.A Dividend-Like Income Using Covered Calls
With MOG.A at 159.66, 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% |
4.79 |
1.3 |
5% |
7.98 |
2.2 |
10% |
15.97 |
4.4 |
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:
3% Yield On MOG.A Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
160.00 |
2.00 |
24 |
7.2 |
0.00 (0.0%) |
Jun 21 |
160.00 |
3.60 |
59 |
5.6 |
0.00 (0.0%) |
5% Yield On MOG.A Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
160.00 |
2.00 |
24 |
7.2 |
0.00 (0.0%) |
Jun 21 |
160.00 |
3.60 |
59 |
5.6 |
0.00 (0.0%) |
10% Yield On MOG.A Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
May 17 |
160.00 |
2.00 |
24 |
7.2 |
0.00 (0.0%) |
Jun 21 |
160.00 |
3.60 |
59 |
5.6 |
0.00 (0.0%) |
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