CSIQ Dividend Type Payments

Canadian Solar Inc. - Common Shares dividend

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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Want more examples? CSGS Dividend | CSL Dividend