MT Dividend Type Payments

Although MT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Arcelor Mittal NY Registry Shares NEW 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):

Arcelor Mittal NY Registry Shares NEW (MT)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
23.03	23.21	23.14	-0.09	1.2M	-	24B

MT Dividend-Like Income Using Covered Calls

With MT at 23.14, 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%	0.69	0.2
5%	1.16	0.3
10%	2.31	0.6

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 MT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 10	24.00	0.10	15	0.7	0.79 (3.4%)
Jan 17	24.00	0.20	22	0.9	0.79 (3.4%)

5% Yield On MT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 10	24.00	0.10	15	0.7	0.79 (3.4%)
Jan 17	24.00	0.20	22	0.9	0.79 (3.4%)

10% Yield On MT Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 10	24.00	0.10	15	0.7	0.79 (3.4%)
Jan 17	24.00	0.20	22	0.9	0.79 (3.4%)

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Top 10 Open Interest For Jan 17 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	XLF dividend	1.	NMRA dividend
2.	SLV dividend	7.	SPY dividend	2.	QBTS dividend
3.	AAPL dividend	8.	IWM dividend	3.	QUBT dividend
4.	EEM dividend	9.	TSLA dividend	4.	QS dividend
5.	INTC dividend	10.	TLT dividend	5.	JSPR dividend

Want more examples? MSTX Dividend | MTB Dividend