MFC Dividend

Although MFC has a dividend of 0.31 with an ex-dividend date of Mar 5, you can sell covered calls on Manulife Financial Corporation 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):

Manulife Financial Corporation (MFC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
30.55	31.50	30.72	+0.59	1.4M	15	59B

MFC Dividend-Like Income Using Covered Calls

With MFC at 30.72, 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%	0.92	0.3
5%	1.54	0.4
10%	3.07	0.8

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 MFC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	32.00	0.35	52	0.7	0.50 (1.6%)
Sep 19	32.00	1.40	207	0.7	0.50 (1.6%)

5% Yield On MFC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	32.00	0.35	52	0.7	0.50 (1.6%)
Sep 19	32.00	1.40	207	0.7	0.50 (1.6%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	QBTS dividend
2.	SPY dividend	7.	INTC dividend	2.	LUNR dividend
3.	FXI dividend	8.	QQQ dividend	3.	SOUN dividend
4.	EEM dividend	9.	SLV dividend	4.	ASTS dividend
5.	IWM dividend	10.	TLT dividend	5.	MARA dividend

Want more examples? MFA Dividend | MFDX Dividend