PANL Dividend
Although PANL has a dividend of 0.10 with an ex-dividend date of Feb 28, you can sell covered calls on Pangaea Logistics Solutions Ltd. to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 3:05 PM ET):
| Pangaea Logistics Solutions Ltd. (PANL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 5.18 | 5.19 | 5.19 | +0.01 | 91K | 11 | 0.2B |
PANL Dividend-Like Income Using Covered Calls
With PANL at 5.19, 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% | 0.16 | 0.0 |
| 5% | 0.26 | 0.1 |
| 10% | 0.52 | 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:
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | FXI dividend | 1. | SEM dividend | |
| 2. | SPY dividend | 7. | SMCI dividend | 2. | GH dividend | |
| 3. | TSLA dividend | 8. | QQQ dividend | 3. | SWTX dividend | |
| 4. | TLT dividend | 9. | MSTR dividend | 4. | LUNR dividend | |
| 5. | IWM dividend | 10. | AMD dividend | 5. | GKOS dividend | |
Want more examples? PAMC Dividend | PANW Dividend
