MRX Dividend Type Payments

Marex Group plc - Ordinary Shares dividend

Although MRX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marex Group plc - Ordinary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 12:00 PM ET):

Marex Group plc - Ordinary Shares (MRX)
Bid Ask Last Change Volume P/E Market Cap
36.97 37.02 36.99 -0.55 138K 14 2.7B

MRX Dividend-Like Income Using Covered Calls

With MRX at 36.99, 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% 1.11 0.3
5% 1.85 0.5
10% 3.70 1.0

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 MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 0.10 15 0.7 2.98 (8.1%)
Mar 20 40.00 0.70 106 0.7 2.98 (8.1%)
5% Yield On MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 40.00 0.10 15 0.7 2.98 (8.1%)
Mar 20 40.00 0.70 106 0.7 2.98 (8.1%)
10% Yield On MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 15 40.00 5.10 407 1.3 2.98 (8.1%)

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