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
77.57 80.74 79.21 +1.87 459K 146 5.8B

MC Dividend-Like Income Using Covered Calls

With MC at 79.21, 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% 2.38 0.7
5% 3.96 1.1
10% 7.92 2.2

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
Apr 17 85.00 1.35 87 1.6 4.26 (5.4%)
Jul 18 85.00 3.30 179 1.8 4.26 (5.4%)
5% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 85.00 1.35 87 1.6 4.26 (5.4%)
Jul 18 85.00 3.30 179 1.8 4.26 (5.4%)
10% Yield On MC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Feb 21 85.00 0.85 32 2.7 4.26 (5.4%)

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