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 Thu 10:20 AM ET):
| Canadian Solar Inc. - Common Shares (CSIQ) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.82 | 20.86 | 20.83 | +0.42 | 418K | - | 1.2B |
CSIQ Dividend-Like Income Using Covered Calls
With CSIQ at 20.83, 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% | 0.62 | 0.2 |
| 5% | 1.04 | 0.3 |
| 10% | 2.08 | 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 | |
| Feb 6 | 21.00 | 1.05 | 16 | 6.6 | 0.14 (0.7%) | |
| Feb 13 | 21.00 | 1.50 | 23 | 6.5 | 0.14 (0.7%) | |
| 5% Yield On CSIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 21.00 | 1.05 | 16 | 6.6 | 0.14 (0.7%) | |
| Feb 13 | 21.00 | 1.50 | 23 | 6.5 | 0.14 (0.7%) | |
| 10% Yield On CSIQ Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 6 | 21.00 | 1.05 | 16 | 6.6 | 0.14 (0.7%) | |
| Feb 13 | 21.00 | 1.50 | 23 | 6.5 | 0.14 (0.7%) | |
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | KWEB dividend | 6. | QQQ dividend | 1. | OCUL dividend | |
| 2. | SLV dividend | 7. | INTC dividend | 2. | ONDS dividend | |
| 3. | NVDA dividend | 8. | AAPL dividend | 3. | NVTS dividend | |
| 4. | IBIT dividend | 9. | HYG dividend | 4. | SOC dividend | |
| 5. | CORZ dividend | 10. | SPY dividend | 5. | HYMC dividend | |
Want more examples? CSGS Dividend | CSL Dividend
