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 10:20 AM ET):

Star Bulk Carriers Corp. - Common Shares (SBLK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
16.61	16.63	16.62	-0.19	291K	6.0	1.6B

SBLK Dividend-Like Income Using Covered Calls

With SBLK at 16.62, 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%	0.50	0.1
5%	0.83	0.2
10%	1.66	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
Aug 15	17.00	0.70	59	1.2	0.37 (2.2%)
Jul 18	17.00	0.35	31	1.1	0.37 (2.2%)

5% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.00	0.70	59	1.2	0.37 (2.2%)
Jul 18	17.00	0.35	31	1.1	0.37 (2.2%)

10% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	17.00	0.70	59	1.2	0.37 (2.2%)
Jul 18	17.00	0.35	31	1.1	0.37 (2.2%)

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Want more examples? SBIO Dividend | SBND Dividend