CMRE Dividend

Although CMRE has a dividend of 0.12 with an ex-dividend date of Jan 21, 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
12.26	13.08	12.29	-0.05	282K	-	1.5B

CMRE Dividend-Like Income Using Covered Calls

With CMRE at 12.29, 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%	0.37	0.1
5%	0.61	0.2
10%	1.23	0.3

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	14.00	0.60	246	0.2	0.92 (7.5%)
Jun 20	15.00	0.20	155	0.1	1.92 (15.6%)

5% Yield On CMRE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	14.00	0.60	246	0.2	0.92 (7.5%)

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Want more examples? CMPS Dividend | CMRX Dividend