MRC Dividend Type Payments

MRC Global, Inc dividend

Although MRC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MRC Global, Inc to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 2:40 PM ET):

MRC Global, Inc (MRC)
Bid Ask Last Change Volume P/E Market Cap
14.31 14.32 14.31 -0.57 390K - 0.0B

MRC Dividend-Like Income Using Covered Calls

With MRC at 14.31, 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% 0.43 0.1
5% 0.72 0.2
10% 1.43 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:

3% Yield On MRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 15.00 0.05 12 0.4 0.68 (4.8%)
Jan 18 15.00 0.05 40 0.1 0.68 (4.8%)
5% Yield On MRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 15.00 0.05 12 0.4 0.68 (4.8%)
Mar 15 15.00 0.55 96 0.6 0.68 (4.8%)
10% Yield On MRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 21 15.00 0.05 12 0.4 0.68 (4.8%)
Mar 15 15.00 0.55 96 0.6 0.68 (4.8%)

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Top 10 Open Interest For Dec 21 Expiration     Top 5 High Yield
1.ING dividend 6.SHAK dividend   1. dividend
2.CAL dividend 7.IPFF dividend   2. dividend
3.SFL dividend 8.CBPO dividend   3. dividend
4.INTL dividend 9.SIFY dividend   4. dividend
5.CASY dividend 10.IRWD dividend   5. dividend

Want more examples? MPX Dividend | MRCC Dividend