BKF Dividend Type Payments
Although BKF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares MSCI BIC ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 9:40 AM ET):
| iShares MSCI BIC ETF (BKF) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 37.26 | 37.36 | 37.29 | -0.34 | 0K | - | 0.1B |
BKF Dividend-Like Income Using Covered Calls
With BKF at 37.29, 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% | 1.12 | 0.3 |
| 5% | 1.86 | 0.5 |
| 10% | 3.73 | 1.0 |
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 BKF Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Sep 19 | 38.00 | 1.00 | 227 | 0.4 | 0.64 (1.7%) | |
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| Top 10 Open Interest For Feb 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | SYM dividend | |
| 2. | TLT dividend | 7. | QQQ dividend | 2. | AFRM dividend | |
| 3. | SPY dividend | 8. | SLV dividend | 3. | BILL dividend | |
| 4. | IWM dividend | 9. | GLD dividend | 4. | NET dividend | |
| 5. | FXI dividend | 10. | KWEB dividend | 5. | RCAT dividend | |
Want more examples? BKEM Dividend | BKH Dividend
