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
24.14	24.55	24.18	-0.18	1.7M	-	1.5B

CSIQ Dividend-Like Income Using Covered Calls

With CSIQ at 24.18, 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%	0.73	0.2
5%	1.21	0.3
10%	2.42	0.7

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
Jan 2	24.50	0.60	8	6.9	0.00 (0.0%)
Jan 9	24.50	1.15	15	7.3	0.00 (0.0%)

5% Yield On CSIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 2	24.50	0.60	8	6.9	0.00 (0.0%)
Jan 9	24.50	1.15	15	7.3	0.00 (0.0%)

10% Yield On CSIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 2	24.50	0.60	8	6.9	0.00 (0.0%)
Jan 9	24.50	1.15	15	7.3	0.00 (0.0%)

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Want more examples? CSGS Dividend | CSL Dividend