MRTN Dividend

MARTEN TRANS dividend

Although MRTN has a dividend of 0.03 with an ex-dividend date of Sep 13, you can sell covered calls on MARTEN TRANS 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):

MARTEN TRANS (MRTN)
Bid Ask Last Change Volume P/E Market Cap
22.35 22.50 22.35 -0.40 202K 13 1.2B

MRTN Dividend-Like Income Using Covered Calls

With MRTN at 22.35, 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% 0.67 0.2
5% 1.12 0.3
10% 2.24 0.6

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 MRTN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 22.50 0.15 3 5.0 0.00 (0.0%)
Sep 21 25.00 0.10 38 0.3 2.50 (11.2%)
5% Yield On MRTN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 22.50 0.15 3 5.0 0.00 (0.0%)
Sep 21 22.50 0.75 38 2.0 0.00 (0.0%)
10% Yield On MRTN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 17 22.50 0.15 3 5.0 0.00 (0.0%)
Sep 21 22.50 0.75 38 2.0 0.00 (0.0%)

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Want more examples? MRRL Dividend | MRTX Dividend