diff --git a/src/asm/main.c b/src/asm/main.c
index 35db6dd4..bb19395a 100644
--- a/src/asm/main.c
+++ b/src/asm/main.c
@@ -393,7 +393,10 @@ int main(int argc, char *argv[])
 		case 'M':
 			ep = strchr("GPQT", optarg[0]);
 			if (!ep || !*ep || optarg[1]) {
-				dependfile = fopen(optarg, "w");
+				if (!strcmp("-", optarg))
+					dependfile = stdout;
+				else
+					dependfile = fopen(optarg, "w");
 				if (dependfile == NULL)
 					err(1, "Could not open dependfile %s",
 					    optarg);