MYL Dividend Type Payments

Mylan NV dividend

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

Mylan NV (MYL)
Bid Ask Last Change Volume P/E Market Cap
18.87 19.36 18.98 -0.19 4.7M 42 10B

MYL Dividend-Like Income Using Covered Calls

With MYL at 18.98, 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% 0.57 0.2
5% 0.95 0.3
10% 1.90 0.5

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 MYL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 31 24.50 0.02 8 0.3 5.14 (27.1%)
Jun 7 24.50 0.03 15 0.2 5.14 (27.1%)
5% Yield On MYL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 31 22.50 0.05 8 0.6 3.14 (16.5%)
Jun 7 22.50 0.08 15 0.5 3.14 (16.5%)
10% Yield On MYL Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 31 22.50 0.05 8 0.6 3.14 (16.5%)
Jun 7 22.50 0.08 15 0.5 3.14 (16.5%)

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

 
Top 10 Open Interest For Jun 21 Expiration     Top 5 High Yield
1.SPY dividend 6.FXI dividend   1.ARQL dividend
2.SPX dividend 7.BAC dividend   2.ITCI dividend
3.EEM dividend 8.VXX dividend   3.CARA dividend
4.QQQ dividend 9.AAPL dividend   4.MAXR dividend
5.EWZ dividend 10.EFA dividend   5.CBAY dividend

Want more examples? MYGN Dividend | MYOK Dividend