MMC Dividend Type Payments

Marsh & McLennan Companies, Inc. dividend

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

Marsh & McLennan Companies, Inc. (MMC)
Bid Ask Last Change Volume P/E Market Cap
207.87 214.90 211.35 +1.37 1.6M 26 103B

MMC Dividend-Like Income Using Covered Calls

With MMC at 211.35, 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% 6.34 1.7
5% 10.57 2.9
10% 21.14 5.8

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 MMC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 220.00 4.70 100 4.7 5.10 (2.4%)
Jul 18 220.00 7.80 192 4.1 5.10 (2.4%)
5% Yield On MMC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 220.00 4.70 100 4.7 5.10 (2.4%)
Jul 18 220.00 7.80 192 4.1 5.10 (2.4%)

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