AMRC Dividend Type Payments

Ameresco, Inc. Class A dividend

Although AMRC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ameresco, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:00 AM ET):

Ameresco, Inc. Class A (AMRC)
Bid Ask Last Change Volume P/E Market Cap
30.39 30.59 30.55 +0.49 24K 25 1.6B

AMRC Dividend-Like Income Using Covered Calls

With AMRC at 30.55, 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% 0.92 0.3
5% 1.53 0.4
10% 3.06 0.8

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 AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 35.00 0.55 33 1.7 4.41 (14.4%)
Apr 17 35.00 3.40 124 2.7 4.41 (14.4%)
5% Yield On AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 35.00 0.55 33 1.7 4.41 (14.4%)
Apr 17 35.00 3.40 124 2.7 4.41 (14.4%)
10% Yield On AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 16 35.00 0.55 33 1.7 4.41 (14.4%)
Apr 17 35.00 3.40 124 2.7 4.41 (14.4%)

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