IWP Dividend Type Payments

Although IWP has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Russell Midcap Growth ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

iShares Russell Midcap Growth ETF (IWP)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
136.62	139.00	138.15	-3.22	1.3M	-	20B

IWP Dividend-Like Income Using Covered Calls

With IWP at 138.15, 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%	4.14	1.1
5%	6.91	1.9
10%	13.82	3.8

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 IWP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	139.00	4.10	88	4.7	0.00 (0.0%)
Jul 17	139.00	7.00	179	3.9	0.00 (0.0%)

5% Yield On IWP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	139.00	4.10	88	4.7	0.00 (0.0%)
Jul 17	139.00	7.00	179	3.9	0.00 (0.0%)

10% Yield On IWP Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	139.00	4.10	88	4.7	0.00 (0.0%)
Jul 17	139.00	7.00	179	3.9	0.00 (0.0%)

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Top 10 Open Interest For Feb 20 Expiration				Top 5 High Yield
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5.	CORZ dividend	10.	TLT dividend	5.	BBAI dividend

Want more examples? IWO Dividend | IWR Dividend