AMRN Dividend Type Payments

Amarin Corporation plc - American Depositary Shares dividend

Although AMRN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Amarin Corporation plc - American Depositary Shares to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):

Amarin Corporation plc - American Depositary Shares (AMRN)
Bid Ask Last Change Volume P/E Market Cap
15.23 15.55 15.50 -0.09 39K - 0.0B

AMRN Dividend-Like Income Using Covered Calls

With AMRN at 15.50, 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% 0.47 0.1
5% 0.78 0.2
10% 1.55 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 AMRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 16.00 1.15 23 5.0 0.45 (2.9%)
Oct 17 16.00 2.05 86 2.4 0.45 (2.9%)
5% Yield On AMRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 16.00 1.15 23 5.0 0.45 (2.9%)
Oct 17 16.00 2.05 86 2.4 0.45 (2.9%)
10% Yield On AMRN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Aug 15 16.00 1.15 23 5.0 0.45 (2.9%)
Oct 17 16.00 2.05 86 2.4 0.45 (2.9%)

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