MC Dividend Type Payments

Moelis & Company Class A dividend

Although MC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Moelis & Company Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Moelis & Company Class A (MC)
Bid Ask Last Change Volume P/E Market Cap
26.60 66.00 58.38 +0.02 717K 33 4.4B

MC Dividend-Like Income Using Covered Calls

With MC at 58.38, 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% 1.75 0.5
5% 2.92 0.8
10% 5.84 1.6

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 MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
May 16 70.00 0.25 46 0.5 4.00 (6.9%)
Oct 17 70.00 1.60 200 0.8 4.00 (6.9%)
5% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Oct 17 70.00 1.60 200 0.8 4.00 (6.9%)

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