AMRN Dividend Type Payments
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 Wed 12:00 PM ET):
| Amarin Corporation plc - American Depositary Shares (AMRN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 19.50 | 19.64 | 19.59 | +0.26 | 18K | - | 0.0B |
AMRN Dividend-Like Income Using Covered Calls
With AMRN at 19.59, 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% | 0.59 | 0.2 |
| 5% | 0.98 | 0.3 |
| 10% | 1.96 | 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 AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 20.00 | 0.15 | 3 | 5.0 | 0.36 (1.8%) | |
| Dec 19 | 20.00 | 2.00 | 66 | 3.0 | 0.36 (1.8%) | |
| 5% Yield On AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 20.00 | 0.15 | 3 | 5.0 | 0.36 (1.8%) | |
| Dec 19 | 20.00 | 2.00 | 66 | 3.0 | 0.36 (1.8%) | |
| 10% Yield On AMRN Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 20.00 | 0.15 | 3 | 5.0 | 0.36 (1.8%) | |
| Dec 19 | 20.00 | 2.00 | 66 | 3.0 | 0.36 (1.8%) | |
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| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | AREC dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | ABAT dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | BHVN dividend | |
| 4. | GLD dividend | 9. | QQQ dividend | 4. | CRML dividend | |
| 5. | TSLA dividend | 10. | OPEN dividend | 5. | NB dividend | |
Want more examples? AMRC Dividend | AMRX Dividend
