AMRC Dividend Type Payments

Ameresco, Inc. Class A dividend

Although AMRC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Ameresco, Inc. Class A 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):

Ameresco, Inc. Class A (AMRC)
Bid Ask Last Change Volume P/E Market Cap
17.70 19.00 18.12 -0.66 448K 18 1.0B

AMRC Dividend-Like Income Using Covered Calls

With AMRC at 18.12, 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% 0.54 0.1
5% 0.91 0.2
10% 1.81 0.5

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 AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.70 22 3.2 1.00 (5.5%)
Oct 17 20.00 1.60 85 1.9 1.00 (5.5%)
5% Yield On AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.70 22 3.2 1.00 (5.5%)
Oct 17 20.00 1.60 85 1.9 1.00 (5.5%)
10% Yield On AMRC Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 20.00 0.70 22 3.2 1.00 (5.5%)
Oct 17 20.00 1.60 85 1.9 1.00 (5.5%)

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