MOV Dividend Type Payments

Movado Group, Inc dividend

Although MOV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Movado Group, Inc 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):

Movado Group, Inc (MOV)
Bid Ask Last Change Volume P/E Market Cap
32.85 34.29 34.12 +1.08 243K 79 0.8B

MOV Dividend-Like Income Using Covered Calls

With MOV at 34.12, 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% 1.02 0.3
5% 1.71 0.5
10% 3.41 0.9

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 MOV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 39.00 0.10 29 0.3 4.71 (13.8%)
Jun 21 48.00 0.45 127 0.4 13.71 (40.2%)
5% Yield On MOV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 38.00 0.20 29 0.7 3.71 (10.9%)
Jun 21 45.00 0.75 127 0.6 10.71 (31.4%)
10% Yield On MOV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 15 37.00 0.35 29 1.2 2.71 (7.9%)
Jun 21 42.00 1.20 127 0.9 7.71 (22.6%)

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Top 10 Open Interest For Mar 15 Expiration     Top 5 High Yield
1.SPX dividend 6.EWZ dividend   1.ICPT dividend
2.EEM dividend 7.GE dividend   2.ROKU dividend
3.SPY dividend 8.XOP dividend   3.KPTI dividend
4.FXI dividend 9.BAC dividend   4.BHC dividend
5.QQQ dividend 10.JD dividend   5.VKTX dividend

Want more examples? MOTI Dividend | MPAA Dividend