STNG Dividend

Although STNG has a dividend of 0.40 with an ex-dividend date of Mar 7, you can sell covered calls on Scorpio Tankers Inc. 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):

Scorpio Tankers Inc. Common Shares (STNG)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
38.00	40.68	39.85	+0.42	1.3M	2.8	2.3B

STNG Dividend-Like Income Using Covered Calls

With STNG at 39.85, 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%	1.20	0.3
5%	1.99	0.5
10%	3.99	1.1

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:

3% Yield On STNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	42.50	1.60	49	3.3	1.82 (4.6%)
Oct 17	42.50	2.70	232	1.2	1.82 (4.6%)

5% Yield On STNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	42.50	1.60	49	3.3	1.82 (4.6%)
Oct 17	42.50	2.70	232	1.2	1.82 (4.6%)

10% Yield On STNG Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	42.50	1.60	49	3.3	1.82 (4.6%)
Oct 17	42.50	2.70	232	1.2	1.82 (4.6%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	BBAI dividend
2.	SPY dividend	7.	QQQ dividend	2.	TGTX dividend
3.	FXI dividend	8.	INTC dividend	3.	CIFR dividend
4.	IWM dividend	9.	TLT dividend	4.	WOLF dividend
5.	EEM dividend	10.	SLV dividend	5.	GAP dividend

Want more examples? STNE Dividend | STOK Dividend