DYNF Dividend Type Payments
Although DYNF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares U.S. Equity Factor Rotation Active ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 3:55 PM ET):
iShares U.S. Equity Factor Rotation Active ETF (DYNF) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
52.82 | 52.83 | 52.82 | +0.65 | 1.4M | - | 0.0B |
DYNF Dividend-Like Income Using Covered Calls
With DYNF at 52.82, 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% | 1.58 | 0.4 |
5% | 2.64 | 0.7 |
10% | 5.28 | 1.4 |
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 Jun 20 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | IWM dividend | 1. | ALT dividend | |
2. | SPY dividend | 7. | EEM dividend | 2. | SFIX dividend | |
3. | SLV dividend | 8. | TSLA dividend | 3. | DYN dividend | |
4. | QQQ dividend | 9. | FXI dividend | 4. | CHWY dividend | |
5. | GLD dividend | 10. | TLT dividend | 5. | HUT dividend |
Want more examples? DYN Dividend | DZZ Dividend