TMUS Dividend

Although TMUS has a dividend of 0.88 with an ex-dividend date of May 30, you can sell covered calls on T-Mobile US, Inc. 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):

T-Mobile US, Inc. (TMUS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
253.00	255.27	255.98	-3.12	3.4M	27	296B

TMUS Dividend-Like Income Using Covered Calls

With TMUS at 255.98, 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%	7.68	2.1
5%	12.80	3.5
10%	25.60	7.0

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 TMUS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	255.00	7.20	22	31.5	0.00 (0.0%)
Apr 11	255.00	8.35	29	27.9	0.00 (0.0%)

5% Yield On TMUS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	255.00	7.20	22	31.5	0.00 (0.0%)
Apr 11	255.00	8.35	29	27.9	0.00 (0.0%)

10% Yield On TMUS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 4	255.00	7.20	22	31.5	0.00 (0.0%)
Apr 11	255.00	8.35	29	27.9	0.00 (0.0%)

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