PROF Dividend Type Payments

Although PROF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Profound Medical Corp. - common stock to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 11:00 AM ET):

Profound Medical Corp. - common stock (PROF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
7.52	7.61	7.57	-0.11	9K	-	0.1B

PROF Dividend-Like Income Using Covered Calls

With PROF at 7.57, 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%	0.23	0.1
5%	0.38	0.1
10%	0.76	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 PROF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	12.50	0.20	190	0.1	4.89 (64.6%)

5% Yield On PROF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jul 18	12.50	0.20	190	0.1	4.89 (64.6%)

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Want more examples? PRO Dividend | PRPL Dividend