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, each representing o to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Amarin Corporation plc - American Depositary Shares, each representing o (AMRN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 0.86 | 0.90 | 0.87 | +0.01 | 489K | - | 0.0B |
AMRN Dividend-Like Income Using Covered Calls
With AMRN at 0.87, 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% | 0.03 | 0.0 |
| 5% | 0.04 | 0.0 |
| 10% | 0.09 | 0.0 |
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 | |
| Jul 19 | 1.00 | 0.10 | 85 | 0.1 | 0.10 (11.5%) | |
| Sep 20 | 1.00 | 0.05 | 148 | 0.0 | 0.10 (11.5%) | |
| 5% Yield On AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 19 | 1.00 | 0.10 | 85 | 0.1 | 0.10 (11.5%) | |
| Sep 20 | 1.00 | 0.05 | 148 | 0.0 | 0.10 (11.5%) | |
| 10% Yield On AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jul 19 | 1.00 | 0.10 | 85 | 0.1 | 0.10 (11.5%) | |
| Sep 20 | 1.00 | 0.05 | 148 | 0.0 | 0.10 (11.5%) | |
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| Top 10 Open Interest For May 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | IWM dividend | 6. | EEM dividend | 1. | WOLF dividend | |
| 2. | HYG dividend | 7. | KWEB dividend | 2. | FSLY dividend | |
| 3. | QQQ dividend | 8. | SLV dividend | 3. | ENVX dividend | |
| 4. | SPY dividend | 9. | TSLA dividend | 4. | NOVA dividend | |
| 5. | FXI dividend | 10. | NVDA dividend | 5. | COIN dividend | |
Want more examples? AMRC Dividend | AMRX Dividend
