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
23.20 24.75 23.86 +0.15 107K 28 0.7B

MATW Dividend-Like Income Using Covered Calls

With MATW at 23.86, 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% 0.72 0.2
5% 1.19 0.3
10% 2.39 0.7

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
Dec 19 25.00 1.00 400 0.3 0.25 (1.0%)
Jun 20 25.00 0.55 218 0.3 0.25 (1.0%)
5% Yield On MATW Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Mar 21 25.00 0.70 127 0.6 0.25 (1.0%)

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Want more examples? MAT Dividend | MATX Dividend