PANL Dividend Type Payments

Although PANL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Pangaea Logistics Solutions Ltd. 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):

Pangaea Logistics Solutions Ltd. (PANL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
6.78	7.32	7.00	+0.08	156K	12	0.3B

PANL Dividend-Like Income Using Covered Calls

With PANL at 7.00, 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%	0.21	0.1
5%	0.35	0.1
10%	0.70	0.2

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 PANL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	7.50	0.55	204	0.3	0.18 (2.6%)
Aug 16	7.50	0.35	113	0.3	0.18 (2.6%)

5% Yield On PANL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	7.50	0.55	204	0.3	0.18 (2.6%)
Aug 16	7.50	0.35	113	0.3	0.18 (2.6%)

10% Yield On PANL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 15	7.50	0.55	204	0.3	0.18 (2.6%)
Aug 16	7.50	0.35	113	0.3	0.18 (2.6%)

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Want more examples? PAMC Dividend | PANW Dividend