MRX Dividend Type Payments

Marex Group plc - Ordinary Shares dividend

Although MRX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Marex Group plc - Ordinary Shares 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):

Marex Group plc - Ordinary Shares (MRX)
Bid Ask Last Change Volume P/E Market Cap
28.20 30.04 29.15 -0.37 434K - 2.1B

MRX Dividend-Like Income Using Covered Calls

With MRX at 29.15, 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% 0.87 0.2
5% 1.46 0.4
10% 2.92 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 MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 30.00 1.35 185 0.7 0.00 (0.0%)
Jan 15 30.00 4.50 759 0.6 0.00 (0.0%)
5% Yield On MRX Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 20 30.00 1.35 185 0.7 0.00 (0.0%)
Jan 15 30.00 4.50 759 0.6 0.00 (0.0%)

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