BIBL Dividend Type Payments
Although BIBL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Inspire 100 ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):
| Inspire 100 ETF (BIBL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 37.73 | 43.97 | 41.52 | -0.02 | 26K | - | 0.0B |
BIBL Dividend-Like Income Using Covered Calls
With BIBL at 41.52, 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% | 1.25 | 0.3 |
| 5% | 2.08 | 0.6 |
| 10% | 4.15 | 1.1 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | AAP dividend | |
| 2. | NVDA dividend | 7. | EEM dividend | 2. | CAPR dividend | |
| 3. | TSLA dividend | 8. | TLT dividend | 3. | RKLB dividend | |
| 4. | SPY dividend | 9. | SMCI dividend | 4. | DLO dividend | |
| 5. | SLV dividend | 10. | EWZ dividend | 5. | NICE dividend | |
Want more examples? BIB Dividend | BIDU Dividend
