TAP Dividend Type Payments

Although TAP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Molson Coors Beverage Company Class B 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):

Molson Coors Beverage Company Class B (TAP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
57.90	59.32	58.57	-0.77	1.5M	-	12B

TAP Dividend-Like Income Using Covered Calls

With TAP at 58.57, 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%	1.76	0.5
5%	2.93	0.8
10%	5.86	1.6

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 TAP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	60.00	0.70	26	2.7	0.68 (1.2%)
Apr 17	60.00	2.65	116	2.3	0.68 (1.2%)

5% Yield On TAP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	60.00	0.70	26	2.7	0.68 (1.2%)
Apr 17	60.00	2.65	116	2.3	0.68 (1.2%)

10% Yield On TAP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 17	60.00	0.70	26	2.7	0.68 (1.2%)
Apr 17	60.00	2.65	116	2.3	0.68 (1.2%)

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Want more examples? TAN Dividend | TAXF Dividend