MDLZ Dividend
Although MDLZ has a dividend of 0.47 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 Wed 2:30 PM ET):
Mondelez International, Inc. - Class A (MDLZ) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
60.09 | 60.11 | 60.09 | -1.25 | 5.4M | 22 | 82B |
MDLZ Dividend-Like Income Using Covered Calls
With MDLZ at 60.09, 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% | 1.80 | 0.5 |
5% | 3.00 | 0.8 |
10% | 6.01 | 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 MDLZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 60.00 | 0.50 | 3 | 13.0 | 0.00 (0.0%) | |
Dec 27 | 60.00 | 0.80 | 10 | 6.9 | 0.00 (0.0%) |
5% Yield On MDLZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 60.00 | 0.50 | 3 | 13.0 | 0.00 (0.0%) | |
Dec 27 | 60.00 | 0.80 | 10 | 6.9 | 0.00 (0.0%) |
10% Yield On MDLZ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 20 | 60.00 | 0.50 | 3 | 13.0 | 0.00 (0.0%) | |
Dec 27 | 60.00 | 0.80 | 10 | 6.9 | 0.00 (0.0%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | EEM dividend | 1. | QBTS dividend | |
2. | SPY dividend | 7. | IWM dividend | 2. | RGTI dividend | |
3. | XLF dividend | 8. | KWEB dividend | 3. | SERV dividend | |
4. | QQQ dividend | 9. | TLT dividend | 4. | ACHR dividend | |
5. | FXI dividend | 10. | TSLA dividend | 5. | SEDG dividend |
Want more examples? MDIV Dividend | MDT Dividend