MSGS Dividend Type Payments
Although MSGS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Madison Square Garden Sports Corp. Class A (New) 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):
| Madison Square Garden Sports Corp. Class A (New) (MSGS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 198.00 | 214.64 | 202.17 | -0.78 | 142K | 966 | 4.9B |
MSGS Dividend-Like Income Using Covered Calls
With MSGS at 202.17, 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% | 6.07 | 1.7 |
| 5% | 10.11 | 2.8 |
| 10% | 20.22 | 5.5 |
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 MSGS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 220.00 | 3.90 | 136 | 2.9 | 5.36 (2.7%) | |
| Feb 20 | 220.00 | 7.50 | 227 | 3.3 | 5.36 (2.7%) | |
| 5% Yield On MSGS Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 220.00 | 3.90 | 136 | 2.9 | 5.36 (2.7%) | |
| Feb 20 | 220.00 | 7.50 | 227 | 3.3 | 5.36 (2.7%) | |
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| 1. | NVDA dividend | 6. | GLD dividend | 1. | RARE dividend | |
| 2. | SLV dividend | 7. | AAPL dividend | 2. | TMC dividend | |
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| 5. | IWM dividend | 10. | QQQ dividend | 5. | PRAX dividend | |
Want more examples? MSGE Dividend | MSI Dividend
