MRVL Dividend Type Payments

MARVELL TECH dividend

Although MRVL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MARVELL TECH 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):

MARVELL TECH (MRVL)
Bid Ask Last Change Volume P/E Market Cap
18.95 19.20 18.96 +0.09 17.4M 25 12B

MRVL Dividend-Like Income Using Covered Calls

With MRVL at 18.96, 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% 0.57 0.2
5% 0.95 0.3
10% 1.90 0.5

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 MRVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 20.00 0.01 3 0.3 0.80 (4.2%)
Oct 26 20.50 0.04 10 0.4 1.30 (6.9%)
5% Yield On MRVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 20.00 0.01 3 0.3 0.80 (4.2%)
Oct 26 20.50 0.04 10 0.4 1.30 (6.9%)
10% Yield On MRVL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 19 19.50 0.05 3 1.7 0.30 (1.6%)
Oct 26 20.00 0.12 10 1.2 0.80 (4.2%)

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