CSM Dividend Type Payments

Although CSM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Large Cap Core Plus to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 3:30 PM ET):

ProShares Large Cap Core Plus (CSM)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
73.58	73.66	73.65	-0.13	3K	-	1.2B

CSM Dividend-Like Income Using Covered Calls

With CSM at 73.65, 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%	2.21	0.6
5%	3.68	1.0
10%	7.37	2.0

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 CSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	74.00	1.15	127	0.9	0.34 (0.5%)
Mar 20	74.00	2.25	218	1.0	0.34 (0.5%)

5% Yield On CSM Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	74.00	2.25	218	1.0	0.34 (0.5%)

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5.	SPY dividend	10.	KWEB dividend	5.	KSS dividend

Want more examples? CSL Dividend | CSR Dividend