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 Tue 12:40 PM ET):

Madison Square Garden Entertainment Corp. Class A (MSGE)
Bid Ask Last Change Volume P/E Market Cap
38.22 38.33 38.25 -0.37 104K 14 1.6B

MSGE Dividend-Like Income Using Covered Calls

With MSGE at 38.25, 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% 1.15 0.3
5% 1.91 0.5
10% 3.83 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
Aug 15 40.00 0.70 39 1.8 1.67 (4.4%)
Oct 17 40.00 1.05 102 1.0 1.67 (4.4%)
5% Yield On MSGE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 40.00 0.70 39 1.8 1.67 (4.4%)
Oct 17 40.00 1.05 102 1.0 1.67 (4.4%)
10% Yield On MSGE Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 40.00 0.70 39 1.8 1.67 (4.4%)
Jan 16 40.00 2.95 193 1.5 1.67 (4.4%)

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