AMRN Dividend Type Payments
Although AMRN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Amarin Corporation plc - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 11:45 AM ET):
| Amarin Corporation plc - American Depositary Shares (AMRN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.54 | 10.61 | 10.61 | +0.28 | 36K | - | 0.0B |
AMRN Dividend-Like Income Using Covered Calls
With AMRN at 10.61, 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% | 0.32 | 0.1 |
| 5% | 0.53 | 0.1 |
| 10% | 1.06 | 0.3 |
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 AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 11.00 | 0.85 | 17 | 5.0 | 0.39 (3.7%) | |
| Jul 18 | 11.00 | 1.70 | 80 | 2.1 | 0.39 (3.7%) | |
| 5% Yield On AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 11.00 | 0.85 | 17 | 5.0 | 0.39 (3.7%) | |
| Jul 18 | 11.00 | 1.70 | 80 | 2.1 | 0.39 (3.7%) | |
| 10% Yield On AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| May 16 | 11.00 | 0.85 | 17 | 5.0 | 0.39 (3.7%) | |
| Jul 18 | 11.00 | 1.70 | 80 | 2.1 | 0.39 (3.7%) | |
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| Top 10 Open Interest For May 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | ZETA dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | ENVX dividend | |
| 3. | TLT dividend | 8. | FXI dividend | 3. | TDOC dividend | |
| 4. | SLV dividend | 9. | SNAP dividend | 4. | RDDT dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | SMMT dividend | |
Want more examples? AMRC Dividend | AMRX Dividend
