IBKR Dividend

Although IBKR has a dividend of 0.08 with an ex-dividend date of Dec 1, 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 Tue 2:15 PM ET):

Interactive Brokers Group, Inc. - Class A (IBKR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
69.18	69.21	69.18	-0.31	1.3M	36	31B

IBKR Dividend-Like Income Using Covered Calls

With IBKR at 69.18, 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%	2.08	0.6
5%	3.46	0.9
10%	6.92	1.9

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
Dec 5	69.00	3.20	39	7.7	0.00 (0.0%)
Nov 7	69.00	1.95	11	15.8	0.00 (0.0%)

5% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	69.00	3.20	39	7.7	0.00 (0.0%)
Nov 7	69.00	1.95	11	15.8	0.00 (0.0%)

10% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 5	69.00	3.20	39	7.7	0.00 (0.0%)
Nov 7	69.00	1.95	11	15.8	0.00 (0.0%)

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Top 10 Open Interest For Nov 21 Expiration				Top 5 High Yield
1.	IBIT dividend	6.	TLT dividend	1.	GHRS dividend
2.	KVUE dividend	7.	INTC dividend	2.	DNUT dividend
3.	NVDA dividend	8.	EEM dividend	3.	UPST dividend
4.	SLV dividend	9.	HYG dividend	4.	ALGN dividend
5.	GLD dividend	10.	QQQ dividend	5.	BHVN dividend

Want more examples? IBDV Dividend | IBM Dividend