AOR Dividend Type Payments
Although AOR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Core 60/40 Balanced Allocation ETF 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):
iShares Core 60/40 Balanced Allocation ETF (AOR) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
64.00 | 68.01 | 64.40 | +0.11 | 381K | - | 2.5B |
AOR Dividend-Like Income Using Covered Calls
With AOR at 64.40, 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% | 1.93 | 0.5 |
5% | 3.22 | 0.9 |
10% | 6.44 | 1.8 |
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:
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Top 10 Open Interest For Nov 21 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | IBIT dividend | 6. | GLD dividend | 1. | CIFR dividend | |
2. | KVUE dividend | 7. | TLT dividend | 2. | INBX dividend | |
3. | NVDA dividend | 8. | EEM dividend | 3. | USAR dividend | |
4. | SLV dividend | 9. | INTC dividend | 4. | BHVN dividend | |
5. | HYG dividend | 10. | QQQ dividend | 5. | IREN dividend |
Want more examples? AON Dividend | AOS Dividend