ENFR Dividend Type Payments

Although ENFR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Alerian Energy Infrastructure ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 11:35 AM ET):

Alerian Energy Infrastructure ETF (ENFR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
30.30	30.37	30.35	-0.73	9K	-	0.0B

ENFR Dividend-Like Income Using Covered Calls

With ENFR at 30.35, 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%	0.91	0.2
5%	1.52	0.4
10%	3.04	0.8

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 ENFR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	31.00	0.15	26	0.6	0.63 (2.1%)
Oct 17	31.00	1.05	180	0.6	0.63 (2.1%)

5% Yield On ENFR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 16	31.00	0.15	26	0.6	0.63 (2.1%)
Oct 17	31.00	1.05	180	0.6	0.63 (2.1%)

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Want more examples? ENB Dividend | ENIC Dividend