MMYT Dividend Type Payments

Although MMYT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on MakeMyTrip Limited - Ordinary Shares 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):

MakeMyTrip Limited - Ordinary Shares (MMYT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
80.00	88.97	81.89	-0.23	786K	126	5.3B

MMYT Dividend-Like Income Using Covered Calls

With MMYT at 81.89, 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%	2.46	0.7
5%	4.09	1.1
10%	8.19	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 MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	100.00	1.10	134	0.8	11.03 (13.5%)
Jun 18	100.00	1.95	168	1.2	11.03 (13.5%)

5% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	90.00	3.60	134	2.7	1.03 (1.3%)
Jun 18	100.00	1.95	168	1.2	11.03 (13.5%)

10% Yield On MMYT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	90.00	3.60	134	2.7	1.03 (1.3%)
Jun 18	90.00	4.70	168	2.8	1.03 (1.3%)

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Want more examples? MMTM Dividend | MNA Dividend