SBLK Dividend Type Payments

Although SBLK has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Star Bulk Carriers Corp. - 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):

Star Bulk Carriers Corp. - Common Shares (SBLK)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
14.77	14.79	14.80	+0.08	1.8M	-	1.4B

SBLK Dividend-Like Income Using Covered Calls

With SBLK at 14.80, 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%	0.44	0.1
5%	0.74	0.2
10%	1.48	0.4

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 SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	15.00	0.90	239	0.4	0.21 (1.4%)
May 16	15.00	1.05	148	0.7	0.21 (1.4%)

5% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	15.00	0.90	239	0.4	0.21 (1.4%)
May 16	15.00	1.05	148	0.7	0.21 (1.4%)

10% Yield On SBLK Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	15.00	1.05	148	0.7	0.21 (1.4%)
Jan 17	15.00	0.50	29	1.7	0.21 (1.4%)

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Want more examples? SBIO Dividend | SBND Dividend