TAP Dividend Type Payments

Although TAP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Molson Coors Beverage Company Class B 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):

Molson Coors Beverage Company Class B (TAP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
54.01	54.58	54.63	+0.37	3.3M	-	11B

TAP Dividend-Like Income Using Covered Calls

With TAP at 54.63, 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%	1.64	0.4
5%	2.73	0.7
10%	5.46	1.5

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 TAP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	55.00	0.50	8	6.3	0.42 (0.8%)
Oct 17	55.00	3.50	162	2.2	0.42 (0.8%)

5% Yield On TAP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	55.00	0.50	8	6.3	0.42 (0.8%)
Oct 17	55.00	3.50	162	2.2	0.42 (0.8%)

10% Yield On TAP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	55.00	0.50	8	6.3	0.42 (0.8%)
Oct 17	55.00	3.50	162	2.2	0.42 (0.8%)

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Want more examples? TAN Dividend | TAXF Dividend