MTB Dividend Type Payments

M&T Bank Corporation dividend

Although MTB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on M&T Bank Corporation 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):

M&T Bank Corporation (MTB)
Bid Ask Last Change Volume P/E Market Cap
190.00 215.75 214.82 +0.08 744K 16 36B

MTB Dividend-Like Income Using Covered Calls

With MTB at 214.82, 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% 6.44 1.8
5% 10.74 2.9
10% 21.48 5.9

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 MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 220.00 3.70 33 11.2 4.25 (2.0%)
Jan 17 220.00 6.50 61 10.7 4.25 (2.0%)
5% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 220.00 3.70 33 11.2 4.25 (2.0%)
Jan 17 220.00 6.50 61 10.7 4.25 (2.0%)
10% Yield On MTB Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 20 220.00 3.70 33 11.2 4.25 (2.0%)
Jan 17 220.00 6.50 61 10.7 4.25 (2.0%)

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Top 10 Open Interest For Dec 20 Expiration     Top 5 High Yield
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Want more examples? MT Dividend | MTCH Dividend