MUR Dividend

Although MUR has a dividend of 0.30 with an ex-dividend date of May 17, you can sell covered calls on Murphy Oil Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Murphy Oil Corporation (MUR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
45.94	48.18	46.05	+0.06	1.1M	11	7.0B

MUR Dividend-Like Income Using Covered Calls

With MUR at 46.05, 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%	1.38	0.4
5%	2.30	0.6
10%	4.61	1.3

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 MUR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	50.00	0.30	26	1.2	1.82 (4.0%)
Jun 21	50.00	0.80	61	1.3	1.82 (4.0%)

5% Yield On MUR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	50.00	0.30	26	1.2	1.82 (4.0%)
Jun 21	50.00	0.80	61	1.3	1.82 (4.0%)

10% Yield On MUR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 21	50.00	0.80	61	1.3	1.82 (4.0%)
Jul 19	50.00	1.15	89	1.3	1.82 (4.0%)

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Top 10 Open Interest For May 17 Expiration				Top 5 High Yield
1.	SPY dividend	6.	KWEB dividend	1.	CVNA dividend
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3.	HYG dividend	8.	TSLA dividend	3.	PENN dividend
4.	QQQ dividend	9.	SLV dividend	4.	SNAP dividend
5.	FXI dividend	10.	NVDA dividend	5.	CLSK dividend

Want more examples? MUNI Dividend | MUSA Dividend