MXIM Dividend Type Payments

MAXIM INTEGRATED PRODUCTS dividend

Although MXIM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MAXIM INTEGRATED PRODUCTS to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

MAXIM INTEGRATED PRODUCTS (MXIM)
Bid Ask Last Change Volume P/E Market Cap
50.51 53.00 51.36 -1.50 4.3M 32 15B

MXIM Dividend-Like Income Using Covered Calls

With MXIM at 51.36, 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% 1.54 0.4
5% 2.57 0.7
10% 5.14 1.4

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 MXIM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 55.00 0.65 30 2.2 2.00 (3.9%)
Jan 18 60.00 0.50 93 0.5 7.00 (13.6%)
5% Yield On MXIM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 55.00 0.65 30 2.2 2.00 (3.9%)
Jan 18 55.00 1.50 93 1.6 2.00 (3.9%)
10% Yield On MXIM Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 55.00 0.65 30 2.2 2.00 (3.9%)
Jan 18 55.00 1.50 93 1.6 2.00 (3.9%)

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

 
Top 10 Open Interest For Oct 19 Expiration     Top 5 High Yield
1.SPY dividend 6.PBR dividend   1.LLNW dividend
2.SPX dividend 7.MU dividend   2.CLF dividend
3.QQQ dividend 8.IWM dividend   3.PYPL dividend
4.EEM dividend 9.FXI dividend   4.SKX dividend
5.BAC dividend 10.AMD dividend   5.UVXY dividend

Want more examples? MXI Dividend | MXL Dividend