MTB Dividend Type Payments

M&T Bank Corporation dividend

Although MTB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on M&T Bank Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:50 AM ET):

M&T Bank Corporation (MTB)
Bid Ask Last Change Volume P/E Market Cap
192.32 192.54 192.37 +1.14 136K 13 31B

MTB Dividend-Like Income Using Covered Calls

With MTB at 192.37, 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% 5.77 1.6
5% 9.62 2.6
10% 19.24 5.3

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 MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 195.00 5.90 51 11.6 2.46 (1.3%)
Oct 17 195.00 9.50 114 8.3 2.46 (1.3%)
5% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 195.00 5.90 51 11.6 2.46 (1.3%)
Oct 17 195.00 9.50 114 8.3 2.46 (1.3%)
10% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 195.00 5.90 51 11.6 2.46 (1.3%)
Oct 17 195.00 9.50 114 8.3 2.46 (1.3%)

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