CSIQ Dividend Type Payments
Although CSIQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Canadian Solar 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):
| Canadian Solar Inc. - Common Shares (CSIQ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 22.63 | 22.80 | 22.63 | +1.20 | 7.1M | - | 1.3B |
CSIQ Dividend-Like Income Using Covered Calls
With CSIQ at 22.63, 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% | 0.68 | 0.2 |
| 5% | 1.13 | 0.3 |
| 10% | 2.26 | 0.6 |
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 CSIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 23.00 | 1.45 | 15 | 9.7 | 0.20 (0.9%) | |
| Dec 12 | 23.00 | 1.65 | 22 | 7.5 | 0.20 (0.9%) | |
| 5% Yield On CSIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 23.00 | 1.45 | 15 | 9.7 | 0.20 (0.9%) | |
| Dec 12 | 23.00 | 1.65 | 22 | 7.5 | 0.20 (0.9%) | |
| 10% Yield On CSIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 5 | 23.00 | 1.45 | 15 | 9.7 | 0.20 (0.9%) | |
| Dec 12 | 23.00 | 1.65 | 22 | 7.5 | 0.20 (0.9%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | RZLT dividend | |
| 2. | IWM dividend | 7. | SLV dividend | 2. | IMNM dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | VTYX dividend | |
| 4. | IBIT dividend | 9. | GLD dividend | 4. | JANX dividend | |
| 5. | QQQ dividend | 10. | NFLX dividend | 5. | CIFR dividend | |
Want more examples? CSGS Dividend | CSL Dividend
