MDLZ Dividend

Although MDLZ has a dividend of 0.50 with an ex-dividend date of Dec 31, you can sell covered calls on Mondelez International, Inc. - 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):

Mondelez International, Inc. - Class A (MDLZ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
53.93	54.22	54.04	+0.25	8.8M	20	69B

MDLZ Dividend-Like Income Using Covered Calls

With MDLZ at 54.04, 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%	1.62	0.4
5%	2.70	0.7
10%	5.40	1.5

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 MDLZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	54.00	0.65	8	5.4	0.00 (0.0%)
Dec 26	54.00	0.55	15	2.2	0.00 (0.0%)

5% Yield On MDLZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	54.00	0.65	8	5.4	0.00 (0.0%)
Dec 26	54.00	0.55	15	2.2	0.00 (0.0%)

10% Yield On MDLZ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	54.00	0.65	8	5.4	0.00 (0.0%)
Dec 26	54.00	0.55	15	2.2	0.00 (0.0%)

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Want more examples? MDIV Dividend | MDT Dividend