MOG.A Dividend

Although MOG.A has a dividend of 0.29 with an ex-dividend date of May 9, 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 4:16 PM ET):

Moog Inc. Class A (MOG.A)
Bid Ask Last Change Volume P/E Market Cap
155.00 174.78 167.25 +1.04 159K 25 5.2B

MOG.A Dividend-Like Income Using Covered Calls

With MOG.A at 167.25, 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% 5.02 1.4
5% 8.36 2.3
10% 16.73 4.6

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
Sep 19 175.00 8.60 143 6.0 0.22 (0.1%)
Dec 19 175.00 13.00 234 5.6 0.22 (0.1%)
5% Yield On MOG.A Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 175.00 8.60 143 6.0 0.22 (0.1%)
Dec 19 175.00 13.00 234 5.6 0.22 (0.1%)
10% Yield On MOG.A Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 19 175.00 8.60 143 6.0 0.22 (0.1%)
Dec 19 175.00 13.00 234 5.6 0.22 (0.1%)

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