CRMD Dividend Type Payments

Although CRMD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on CORMEDIX to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 10:20 AM ET):

CORMEDIX (CRMD)
Bid Ask Last Change Volume P/E Market Cap
1.36 1.37 1.37 -0.23 4.9M - 0.2B

CRMD Dividend-Like Income Using Covered Calls

With CRMD at 1.37, 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% 0.04 0.0
5% 0.07 0.0
10% 0.14 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 CRMD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 2.50 0.05 29 0.2 1.13 (82.5%)
Dec 21 2.50 0.10 64 0.2 1.13 (82.5%)
5% Yield On CRMD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 2.50 0.05 29 0.2 1.13 (82.5%)
Dec 21 2.50 0.10 64 0.2 1.13 (82.5%)
10% Yield On CRMD Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Nov 16 2.50 0.05 29 0.2 1.13 (82.5%)
Dec 21 2.50 0.10 64 0.2 1.13 (82.5%)

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Top 10 Open Interest For Nov 16 Expiration     Top 5 High Yield
1.SPY dividend 6.SPX dividend   1.UVXY dividend
2.EWZ dividend 7.FXI dividend   2.CLVS dividend
3.EEM dividend 8.VXX dividend   3.CGC dividend
4.PBR dividend 9.IWM dividend   4.SKX dividend
5.QQQ dividend 10.BAC dividend   5.SNAP dividend

Want more examples? CRM Dividend | CRMT Dividend