MSGE Dividend Type Payments

Although MSGE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Madison Square Garden Entertainment Corp. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

Madison Square Garden Entertainment Corp. Class A (MSGE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
34.60	36.07	35.32	-0.67	367K	14	1.5B

MSGE Dividend-Like Income Using Covered Calls

With MSGE at 35.32, 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%	1.06	0.3
5%	1.77	0.5
10%	3.53	1.0

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 MSGE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	40.00	0.25	53	0.5	3.93 (11.1%)
Oct 17	40.00	1.35	236	0.6	3.93 (11.1%)

5% Yield On MSGE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	40.00	1.35	236	0.6	3.93 (11.1%)
Jul 18	40.00	1.15	145	0.8	3.93 (11.1%)

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