OESX Dividend Type Payments

Orion Energy Systems, Inc. dividend

Although OESX has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Orion Energy Systems, Inc. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

Orion Energy Systems, Inc. (OESX)
Bid Ask Last Change Volume P/E Market Cap
0.86 0.91 0.86 +0.01 31K - 0.0B

OESX Dividend-Like Income Using Covered Calls

With OESX at 0.86, 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% 0.03 0.0
5% 0.04 0.0
10% 0.09 0.0

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:

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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.HUT dividend
3.EEM dividend 8.KWEB dividend   3.CRVS dividend
4.FXI dividend 9.TLT dividend   4.ANAB dividend
5.IWM dividend 10.AAPL dividend   5.CLSK dividend

Want more examples? OEF Dividend | OFG Dividend