CSIQ Dividend Type Payments
Although CSIQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Canadian Solar Inc. - Common Shares 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):
Canadian Solar Inc. - Common Shares (CSIQ) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
10.97 | 10.99 | 10.99 | -0.78 | 3.3M | 21 | 0.7B |
CSIQ Dividend-Like Income Using Covered Calls
With CSIQ at 10.99, 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% | 0.33 | 0.1 |
5% | 0.55 | 0.2 |
10% | 1.10 | 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 CSIQ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 11.00 | 0.80 | 22 | 3.6 | 0.01 (0.1%) | |
Dec 13 | 11.00 | 0.90 | 29 | 3.1 | 0.01 (0.1%) |
5% Yield On CSIQ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 11.00 | 0.80 | 22 | 3.6 | 0.01 (0.1%) | |
Dec 13 | 11.00 | 0.90 | 29 | 3.1 | 0.01 (0.1%) |
10% Yield On CSIQ Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Dec 6 | 11.00 | 0.80 | 22 | 3.6 | 0.01 (0.1%) | |
Dec 13 | 11.00 | 0.90 | 29 | 3.1 | 0.01 (0.1%) |
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Top 10 Open Interest For Dec 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | SAVA dividend | |
2. | SPY dividend | 7. | XLF dividend | 2. | RKLB dividend | |
3. | EEM dividend | 8. | KWEB dividend | 3. | LUNR dividend | |
4. | FXI dividend | 9. | TLT dividend | 4. | NMRA dividend | |
5. | IWM dividend | 10. | KRE dividend | 5. | CRVS dividend |
Want more examples? CSGS Dividend | CSL Dividend