How to Transform Your MAN Stock Dividends Into 15.5% Annual Returns

If you’re holding ManpowerGroup Inc (ticker: MAN) shares, there’s a tactical move worth considering. While the current dividend yield sits at 4.8%, options strategies can potentially take your annual returns to 15.5%—here’s how.

The Covered Call Play on MAN

The approach involves selling October 2026 covered calls at the $35 strike level. Based on the $2.70 bid premium, this generates an additional 10.8% annualized return on top of your existing dividend. Put simply: you’re collecting extra income by agreeing to sell your shares at $35 if the stock climbs that high.

The math breaks down like this: if MAN doesn’t get called away, your total annual return reaches 15.5%. That’s a meaningful boost from the base 4.8% dividend alone.

Understanding the Upside Tradeoff

There’s a catch—any gains above the $35 strike get capped. For this threshold to matter, MAN would need to rally 15.4% from its current $30.25 level. If that happens and your shares get called away, you’d still pocket a 24.3% return from your entry point, plus whatever dividends you collected along the way.

The Risk Factor: Volatility

With a trailing twelve-month volatility of 46% for ManpowerGroup, the stock moves significantly. That volatility works both ways—it’s why the premium is attractive for call sellers, but it also means the probability of assignment needs careful consideration.

Is This Right for You?

Dividend stocks attract income-focused investors, but ManpowerGroup’s dividend history shows earnings-dependent fluctuations. Before executing this covered call strategy, cross-check the historical dividend trends against the company’s profitability outlook. The $35 strike represents a reasonable upside target, but holding through October 2026 requires conviction in the underlying position.

For investors seeking higher yields from dividend stocks, selling covered calls against MAN shares at this strike and premium could be a viable tactic—provided you’re comfortable with capped gains and the volatility that comes with a 46% annualized move.