AMRC Dividend Type Payments

Ameresco, Inc. Class A dividend

Although AMRC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ameresco, Inc. Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Ameresco, Inc. Class A (AMRC)
Bid Ask Last Change Volume P/E Market Cap
22.00 24.00 23.53 +0.68 149K 23 1.2B

AMRC Dividend-Like Income Using Covered Calls

With AMRC at 23.53, 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% 0.71 0.2
5% 1.18 0.3
10% 2.35 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 AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jan 17 30.00 0.05 25 0.2 6.00 (25.5%)
Apr 17 25.00 1.25 115 1.1 1.00 (4.2%)
5% Yield On AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 25.00 1.25 115 1.1 1.00 (4.2%)
Jul 18 25.00 2.25 207 1.1 1.00 (4.2%)
10% Yield On AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Apr 17 25.00 1.25 115 1.1 1.00 (4.2%)
Jul 18 25.00 2.25 207 1.1 1.00 (4.2%)

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