When establishing a covered call position, most investors sell options with a strike price that is at-the-money (ATM) or slightly out-of-the-money (OTM). If you select OTM covered calls and the stock remains flat or declines in value, the options should eventually expire worthless, and you'll get to keep the premium you received when they were sold without further obligation. If you select ATM covered calls and the stock declines in value, they too should expire worthless and the outcome is essentially the same.
