ARKQ Dividend Type Payments
Although ARKQ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ARK Autonomous Technology & Robotics 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):
ARK Autonomous Technology & Robotics ETF (ARKQ) |
Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
60.61 |
61.89 |
61.13 |
+0.22 |
61K |
- |
2.4B |
ARKQ Dividend-Like Income Using Covered Calls
With ARKQ at 61.13, 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% |
1.83 |
0.5 |
5% |
3.06 |
0.8 |
10% |
6.11 |
1.7 |
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 ARKQ Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
62.00 |
0.80 |
36 |
2.2 |
0.11 (0.2%) |
Oct 18 |
62.00 |
0.15 |
8 |
1.9 |
0.11 (0.2%) |
5% Yield On ARKQ Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
62.00 |
0.80 |
36 |
2.2 |
0.11 (0.2%) |
Oct 18 |
62.00 |
0.15 |
8 |
1.9 |
0.11 (0.2%) |
10% Yield On ARKQ Using Covered Calls |
Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
Nov 15 |
62.00 |
0.80 |
36 |
2.2 |
0.11 (0.2%) |
Oct 18 |
62.00 |
0.15 |
8 |
1.9 |
0.11 (0.2%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial