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 Tue 11:15 AM ET):

Canadian Solar Inc. - Common Shares (CSIQ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
15.19	15.21	15.20	+0.77	554K	26	0.9B

CSIQ Dividend-Like Income Using Covered Calls

With CSIQ at 15.20, 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%	0.46	0.1
5%	0.76	0.2
10%	1.52	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 CSIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 1	15.50	0.90	39	2.3	0.29 (1.9%)
Oct 4	15.50	0.35	11	3.2	0.29 (1.9%)

5% Yield On CSIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 1	15.50	0.90	39	2.3	0.29 (1.9%)
Oct 4	15.50	0.35	11	3.2	0.29 (1.9%)

10% Yield On CSIQ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Nov 1	15.50	0.90	39	2.3	0.29 (1.9%)
Oct 4	15.50	0.35	11	3.2	0.29 (1.9%)

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Want more examples? CSGS Dividend | CSL Dividend