CGC Dividend Type Payments

Although CGC has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Canopy Growth Corporation - 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 12:20 PM ET):

Canopy Growth Corporation - Common Shares (CGC)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
4.20	4.21	4.21	-0.34	3.9M	-	0.4B

CGC Dividend-Like Income Using Covered Calls

With CGC at 4.21, 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%	0.13	0.0
5%	0.21	0.1
10%	0.42	0.1

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 CGC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	4.50	0.16	29	0.6	0.29 (6.9%)
Dec 13	4.50	0.31	36	0.9	0.29 (6.9%)

5% Yield On CGC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	4.50	0.16	29	0.6	0.29 (6.9%)
Dec 13	4.50	0.31	36	0.9	0.29 (6.9%)

10% Yield On CGC Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 6	4.50	0.16	29	0.6	0.29 (6.9%)
Dec 13	4.50	0.31	36	0.9	0.29 (6.9%)

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

Top 10 Open Interest For Nov 15 Expiration				Top 5 High Yield
1.	FXI dividend	6.	EEM dividend	1.	OKLO dividend
2.	NVDA dividend	7.	TLT dividend	2.	UPST dividend
3.	SLV dividend	8.	TSLA dividend	3.	GRPN dividend
4.	SPY dividend	9.	XLF dividend	4.	HUT dividend
5.	IWM dividend	10.	EWZ dividend	5.	HE dividend

Want more examples? CGBD Dividend | CGEN Dividend