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 Fri 4:16 PM ET):

Matthews International Corporation - Class A (MATW)
Bid Ask Last Change Volume P/E Market Cap
26.99 34.70 31.02 -0.31 82K - 1.0B

MATW Dividend-Like Income Using Covered Calls

With MATW at 31.02, 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% 0.93 0.3
5% 1.55 0.4
10% 3.10 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
Sep 19 35.00 0.95 246 0.4 0.30 (1.0%)
Dec 19 35.00 1.40 337 0.4 0.30 (1.0%)
5% Yield On MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 1.50 155 1.0 0.30 (1.0%)
10% Yield On MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 35.00 1.50 155 1.0 0.30 (1.0%)

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