CMRE Dividend

Although CMRE has a dividend of 0.12 with an ex-dividend date of Apr 17, you can sell covered calls on Costamare Inc. $0.0001 par value 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):

Costamare Inc. $0.0001 par value (CMRE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
8.69	9.22	8.95	-0.59	960K	3.9	1.2B

CMRE Dividend-Like Income Using Covered Calls

With CMRE at 8.95, 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%	0.27	0.1
5%	0.45	0.1
10%	0.90	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 CMRE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	11.00	0.30	169	0.2	1.78 (19.9%)
Jun 20	11.00	0.15	78	0.2	1.78 (19.9%)

5% Yield On CMRE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	11.00	0.30	169	0.2	1.78 (19.9%)
Jun 20	11.00	0.15	78	0.2	1.78 (19.9%)

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Want more examples? CMPS Dividend | CMRX Dividend