MTD Dividend Type Payments
Although MTD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Mettler-Toledo International, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:05 AM ET):
| Mettler-Toledo International, Inc. (MTD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 1,204.32 | 1,212.41 | 1,207.51 | +14.66 | 41K | 30 | 25B |
MTD Dividend-Like Income Using Covered Calls
With MTD at 1,207.51, 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% | 0.03 | 0.0 |
| 5% | 0.05 | 0.0 |
| 10% | 0.10 | 0.0 |
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 MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 1210.00 | 61.00 | 51 | 114.9 | 0.00 (0.0%) | |
| Oct 17 | 1210.00 | 90.80 | 114 | 77.5 | 0.00 (0.0%) | |
| 5% Yield On MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 1210.00 | 61.00 | 51 | 114.9 | 0.00 (0.0%) | |
| Oct 17 | 1210.00 | 90.80 | 114 | 77.5 | 0.00 (0.0%) | |
| 10% Yield On MTD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Aug 15 | 1210.00 | 61.00 | 51 | 114.9 | 0.00 (0.0%) | |
| Oct 17 | 1210.00 | 90.80 | 114 | 77.5 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | COGT dividend | |
| 2. | SLV dividend | 7. | IWM dividend | 2. | CAPR dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | CELC dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | APLD dividend | |
| 5. | TLT dividend | 10. | CLSK dividend | 5. | RUN dividend | |
Want more examples? MTCH Dividend | MTDR Dividend
