IBKR Dividend Type Payments

Although IBKR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Interactive Brokers Group, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Interactive Brokers Group, Inc. - Class A (IBKR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
58.56	59.00	58.60	-0.32	4.4M	33	26B

IBKR Dividend-Like Income Using Covered Calls

With IBKR at 58.60, 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%	1.76	0.5
5%	2.93	0.8
10%	5.86	1.6

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 IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	2.25	36	6.3	1.00 (1.7%)
Jul 18	58.75	1.50	8	15.6	0.00 (0.0%)

5% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	2.25	36	6.3	1.00 (1.7%)
Jul 18	58.75	1.50	8	15.6	0.00 (0.0%)

10% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	60.00	2.25	36	6.3	1.00 (1.7%)
Jul 18	58.75	1.50	8	15.6	0.00 (0.0%)

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Top 10 Open Interest For Jul 18 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	NFE dividend
2.	SLV dividend	7.	AAPL dividend	2.	APPS dividend
3.	SPY dividend	8.	IBIT dividend	3.	BRSL dividend
4.	TSLA dividend	9.	TLT dividend	4.	METC dividend
5.	IWM dividend	10.	QQQ dividend	5.	PROK dividend

Want more examples? IBDV Dividend | IBM Dividend