MRX Dividend Type Payments

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 4:16 PM ET):

Marex Group plc - Ordinary Shares (MRX)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
38.90	44.00	40.48	+0.40	781K	-	2.8B

MRX Dividend-Like Income Using Covered Calls

With MRX at 40.48, 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%	1.21	0.3
5%	2.02	0.6
10%	4.05	1.1

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
Mar 20	45.00	0.70	43	1.6	1.00 (2.5%)
Jun 18	45.00	1.30	133	1.0	1.00 (2.5%)

5% Yield On MRX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	45.00	0.70	43	1.6	1.00 (2.5%)
Jun 18	45.00	1.30	133	1.0	1.00 (2.5%)

10% Yield On MRX Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	45.00	0.70	43	1.6	1.00 (2.5%)
Sep 18	45.00	2.95	225	1.3	1.00 (2.5%)

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Want more examples? MRVL Dividend | MS Dividend