JRVR Dividend

Although JRVR has a dividend of 0.01 with an ex-dividend date of Dec 16, you can sell covered calls on James River Group Holdings, Ltd. - 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):

James River Group Holdings, Ltd. - Common Shares (JRVR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
4.60	4.66	4.63	-0.11	430K	-	0.2B

JRVR Dividend-Like Income Using Covered Calls

With JRVR at 4.63, 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%	0.14	0.0
5%	0.23	0.1
10%	0.46	0.1

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 JRVR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	5.00	0.45	183	0.2	0.34 (7.3%)
Feb 21	5.00	0.15	99	0.2	0.34 (7.3%)

5% Yield On JRVR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	5.00	0.45	183	0.2	0.34 (7.3%)
Feb 21	5.00	0.15	99	0.2	0.34 (7.3%)

10% Yield On JRVR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	5.00	0.45	183	0.2	0.34 (7.3%)
Feb 21	5.00	0.15	99	0.2	0.34 (7.3%)

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Want more examples? JRE Dividend | JSTC Dividend