MUFG Dividend Type Payments

Although MUFG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MITSUBISHI UFJ FINANCIAL GROUP INC to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:00 AM ET):

MITSUBISHI UFJ FINANCIAL GROUP INC (MUFG)
Bid Ask Last Change Volume P/E Market Cap
6.09 6.10 6.10 -0.01 118K 7.1 80B

MUFG Dividend-Like Income Using Covered Calls

With MUFG at 6.10, 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% 0.18 0.1
5% 0.31 0.1
10% 0.61 0.2

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:

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

Want more examples? MUB Dividend | MUNI Dividend