ABUS Dividend Type Payments

Although ABUS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Arbutus Biopharma Corp to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:35 AM ET):

Arbutus Biopharma Corp (ABUS)
Bid Ask Last Change Volume P/E Market Cap
3.85 3.86 3.87 +0.14 54K - 0.0B

ABUS Dividend-Like Income Using Covered Calls

With ABUS at 3.87, here's a table showing how big the annual "dividend" (ie. 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% 0.12 0.0
5% 0.19 0.1
10% 0.39 0.1

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 ABUS Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 21 5.00 0.05 157 0.0 1.14 (29.5%)

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Top 10 Open Interest For Jan 18 Expiration     Top 5 High Yield
1.SPY dividend 6.QQQ dividend   1. dividend
2.GE dividend 7.USO dividend   2. dividend
3.BAC dividend 8.XLF dividend   3. dividend
4.EEM dividend 9.AAPL dividend   4. dividend
5.SPX dividend 10.F dividend   5. dividend

Want more examples? ABT Dividend | ABX Dividend