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 Wed 4:16 PM ET):

Star Bulk Carriers Corp. - Common Shares (SBLK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
23.00	23.49	23.10	+0.08	1.4M	13	2.2B

SBLK Dividend-Like Income Using Covered Calls

With SBLK at 23.10, 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%	0.69	0.2
5%	1.16	0.3
10%	2.31	0.6

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 17	24.00	0.40	31	1.3	0.51 (2.2%)
Aug 16	24.00	1.15	122	0.9	0.51 (2.2%)

5% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	24.00	0.40	31	1.3	0.51 (2.2%)
Aug 16	24.00	1.15	122	0.9	0.51 (2.2%)

10% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 17	24.00	0.40	31	1.3	0.51 (2.2%)
Aug 16	24.00	1.15	122	0.9	0.51 (2.2%)

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Want more examples? SBIO Dividend | SBND Dividend