PANL Dividend Type Payments

Although PANL has no upcoming (meaning, Board-approved and announced) dividends, 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 Wed 3:55 PM ET):

Pangaea Logistics Solutions Ltd. (PANL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
7.03	7.04	7.03	+0.06	311K	23	0.5B

PANL Dividend-Like Income Using Covered Calls

With PANL at 7.03, 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%	0.21	0.1
5%	0.35	0.1
10%	0.70	0.2

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 PANL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	7.50	0.05	17	0.3	0.46 (6.5%)
May 15	7.50	0.45	164	0.3	0.46 (6.5%)

5% Yield On PANL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	7.50	0.05	17	0.3	0.46 (6.5%)
May 15	7.50	0.45	164	0.3	0.46 (6.5%)

10% Yield On PANL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	7.50	0.05	17	0.3	0.46 (6.5%)
May 15	7.50	0.45	164	0.3	0.46 (6.5%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
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2.	SPY dividend	7.	GLD dividend	2.	AI dividend
3.	IWM dividend	8.	TLT dividend	3.	PATH dividend
4.	QQQ dividend	9.	SLV dividend	4.	DG dividend
5.	IBIT dividend	10.	FXI dividend	5.	IOT dividend

Want more examples? PAMC Dividend | PANW Dividend