MT Dividend Type Payments

ARCELORMITTAL dividend

Although MT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ARCELORMITTAL to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 12:15 PM ET):

ARCELORMITTAL (MT)
Bid Ask Last Change Volume P/E Market Cap
29.42 29.43 29.43 +0.32 903K 5.6 29B

MT Dividend-Like Income Using Covered Calls

With MT at 29.43, 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% 0.88 0.2
5% 1.47 0.4
10% 2.94 0.8

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 MT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 31.00 0.04 5 0.8 1.57 (5.3%)
Aug 31 32.00 0.05 12 0.4 2.57 (8.7%)
5% Yield On MT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 31.00 0.04 5 0.8 1.57 (5.3%)
Aug 31 32.00 0.05 12 0.4 2.57 (8.7%)
10% Yield On MT Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 24 30.50 0.11 5 2.2 1.07 (3.6%)
Aug 31 31.50 0.10 12 0.8 2.07 (7.0%)

Want to increase dividends with covered calls?  Sign Up For A Free Trial

 
Top 10 Open Interest For Sep 21 Expiration     Top 5 High Yield
1.EEM dividend 6.GE dividend   1.COTY dividend
2.SPY dividend 7.GLD dividend   2.MOMO dividend
3.SPX dividend 8.FB dividend   3.AKRX dividend
4.QQQ dividend 9.IWM dividend   4.GPS dividend
5.XLF dividend 10.GDX dividend   5.UVXY dividend

Want more examples? MSTR Dividend | MTB Dividend