SBLK Dividend Type Payments

Although SBLK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Star Bulk Carriers Corp. - Common Shares 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):

Star Bulk Carriers Corp. - Common Shares (SBLK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
18.28	18.37	18.30	+0.21	2.0M	-	1.8B

SBLK Dividend-Like Income Using Covered Calls

With SBLK at 18.30, 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%	0.55	0.2
5%	0.92	0.3
10%	1.83	0.5

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 SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	19.00	0.35	148	0.2	0.63 (3.4%)
Jan 16	19.00	0.20	29	0.7	0.63 (3.4%)

5% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	20.00	0.60	148	0.4	1.63 (8.9%)
Jan 16	19.00	0.20	29	0.7	0.63 (3.4%)

10% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	19.00	0.20	29	0.7	0.63 (3.4%)
Feb 20	19.00	0.55	64	0.9	0.63 (3.4%)

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Want more examples? SBIO Dividend | SBND Dividend