MU Dividend

Although MU has a dividend of 0.12 with an ex-dividend date of Dec 30, you can sell covered calls on Micron Technology, Inc. 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):

Micron Technology, Inc. (MU)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
89.85	89.90	89.72	-0.40	24.4M	129	100B

MU Dividend-Like Income Using Covered Calls

With MU at 89.72, 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%	2.69	0.7
5%	4.49	1.2
10%	8.97	2.5

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 MU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	90.00	1.16	5	23.2	0.10 (0.1%)
Jan 3	100.00	0.18	12	1.5	10.10 (11.3%)

5% Yield On MU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	90.00	1.16	5	23.2	0.10 (0.1%)
Jan 3	100.00	0.18	12	1.5	10.10 (11.3%)

10% Yield On MU Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 27	90.00	1.16	5	23.2	0.10 (0.1%)
Jan 3	90.00	1.93	12	16.1	0.10 (0.1%)

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Want more examples? MTZ Dividend | MUB Dividend