ORN Dividend Type Payments

Orion Group Holdings, Inc. Common dividend

Although ORN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Orion Group Holdings, Inc. Common to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:30 AM ET):

Orion Group Holdings, Inc. Common (ORN)
Bid Ask Last Change Volume P/E Market Cap
10.98 11.05 11.00 +0.27 9K 41 0.4B

ORN Dividend-Like Income Using Covered Calls

With ORN at 11.00, 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% 0.33 0.1
5% 0.55 0.2
10% 1.10 0.3

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 ORN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 18 12.50 0.75 149 0.5 1.45 (13.2%)
Sep 18 12.50 0.40 241 0.2 1.45 (13.2%)
5% Yield On ORN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 18 12.50 0.75 149 0.5 1.45 (13.2%)
Sep 18 12.50 0.40 241 0.2 1.45 (13.2%)
10% Yield On ORN Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Jun 18 12.50 0.75 149 0.5 1.45 (13.2%)

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

 
 
Top 10 Open Interest For Feb 20 Expiration     Top 5 High Yield
1.KWEB dividend 6.HYG dividend   1.OCUL dividend
2.SLV dividend 7.AAPL dividend   2.CIFR dividend
3.NVDA dividend 8.QQQ dividend   3.NVTS dividend
4.IBIT dividend 9.INTC dividend   4.SOC dividend
5.CORZ dividend 10.TLT dividend   5.SNDK dividend

Want more examples? ORMP Dividend | OSBC Dividend