MAR Dividend Type Payments
Although MAR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marriott International - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Marriott International - Class A (MAR) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 289.72 | 294.88 | 289.66 | +1.02 | 1.3M | 30 | 80B |
MAR Dividend-Like Income Using Covered Calls
With MAR at 289.66, 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% | 8.69 | 2.4 |
| 5% | 14.48 | 4.0 |
| 10% | 28.97 | 7.9 |
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 MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 295.00 | 0.90 | 10 | 9.0 | 0.12 (0.0%) | |
| Mar 7 | 295.00 | 6.50 | 38 | 17.1 | 0.12 (0.0%) | |
| 5% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 295.00 | 0.90 | 10 | 9.0 | 0.12 (0.0%) | |
| Mar 7 | 295.00 | 6.50 | 38 | 17.1 | 0.12 (0.0%) | |
| 10% Yield On MAR Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 7 | 295.00 | 0.90 | 10 | 9.0 | 0.12 (0.0%) | |
| Mar 7 | 295.00 | 6.50 | 38 | 17.1 | 0.12 (0.0%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | SMCI dividend | |
| 2. | TLT dividend | 7. | QQQ dividend | 2. | SOUN dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | RCAT dividend | |
| 4. | IWM dividend | 9. | KWEB dividend | 4. | NBIS dividend | |
| 5. | FXI dividend | 10. | AMZN dividend | 5. | CLSK dividend | |
Want more examples? MAPP Dividend | MARA Dividend
