MATW Dividend Type Payments

Matthews International Corporation - Class A dividend

Although MATW has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Matthews International Corporation - Class A 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):

Matthews International Corporation - Class A (MATW)
Bid Ask Last Change Volume P/E Market Cap
21.75 33.98 27.71 -0.06 149K - 0.8B

MATW Dividend-Like Income Using Covered Calls

With MATW at 27.71, 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% 0.83 0.2
5% 1.39 0.4
10% 2.77 0.8

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 MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 0.70 184 0.4 1.02 (3.7%)
5% Yield On MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 0.70 184 0.4 1.02 (3.7%)

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