MTRN Dividend

Although MTRN has a dividend of 0.14 with an ex-dividend date of Nov 13, you can sell covered calls on Materion Corporation to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:15 AM ET):

Materion Corporation (MTRN)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
130.11	131.96	130.30	+1.11	11K	162	2.7B

MTRN Dividend-Like Income Using Covered Calls

With MTRN at 130.30, 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%	3.91	1.1
5%	6.52	1.8
10%	13.03	3.6

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 MTRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	135.00	4.10	58	7.1	3.04 (2.3%)
Nov 21	135.00	2.50	30	8.3	3.04 (2.3%)

5% Yield On MTRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	135.00	4.10	58	7.1	3.04 (2.3%)
Nov 21	135.00	2.50	30	8.3	3.04 (2.3%)

10% Yield On MTRN Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	135.00	4.10	58	7.1	3.04 (2.3%)
Nov 21	135.00	2.50	30	8.3	3.04 (2.3%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	INBX dividend
2.	KVUE dividend	7.	HYG dividend	2.	UUUU dividend
3.	NVDA dividend	8.	EEM dividend	3.	DNUT dividend
4.	SLV dividend	9.	QQQ dividend	4.	BITF dividend
5.	GLD dividend	10.	INTC dividend	5.	SOUN dividend

Want more examples? MTN Dividend | MTRX Dividend