INKM Dividend Type Payments
Although INKM has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street Income Allocation ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 1:45 PM ET):
| State Street Income Allocation ETF (INKM) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 34.62 | 34.66 | 34.58 | -0.08 | 5K | - | 0.0B |
INKM Dividend-Like Income Using Covered Calls
With INKM at 34.58, 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% | 1.04 | 0.3 |
| 5% | 1.73 | 0.5 |
| 10% | 3.46 | 0.9 |
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:
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SPY dividend | 1. | RIVN dividend | |
| 2. | GLD dividend | 7. | QQQ dividend | 2. | AAP dividend | |
| 3. | SLV dividend | 8. | TLT dividend | 3. | PINS dividend | |
| 4. | KWEB dividend | 9. | INTC dividend | 4. | DKNG dividend | |
| 5. | IBIT dividend | 10. | EWZ dividend | 5. | OCUL dividend | |
Want more examples? INGR Dividend | INMD Dividend
