MSA Dividend Type Payments

MSA Safety Incorporated dividend

Although MSA has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MSA Safety Incorporated 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):

MSA Safety Incorporated (MSA)
Bid Ask Last Change Volume P/E Market Cap
184.47 191.51 188.78 +0.07 100K 128 7.4B

MSA Dividend-Like Income Using Covered Calls

With MSA at 188.78, 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% 5.66 1.6
5% 9.44 2.6
10% 18.88 5.2

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 MSA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 195.00 1.10 57 1.9 3.49 (1.8%)
Sep 20 195.00 6.90 148 4.7 3.49 (1.8%)
5% Yield On MSA Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Sep 20 195.00 6.90 148 4.7 3.49 (1.8%)
Nov 15 195.00 9.60 204 4.7 3.49 (1.8%)

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