IWS Dividend Type Payments

Although IWS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares Russell Mid-cap Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 1:40 PM ET):

iShares Russell Mid-cap Value ETF (IWS)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
136.24	136.27	136.26	+0.39	166K	-	17B

IWS Dividend-Like Income Using Covered Calls

With IWS at 136.26, 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%	4.09	1.1
5%	6.81	1.9
10%	13.63	3.7

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 IWS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	136.00	2.95	60	4.5	0.00 (0.0%)
Sep 19	136.00	2.30	32	6.3	0.00 (0.0%)

5% Yield On IWS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	136.00	2.95	60	4.5	0.00 (0.0%)
Sep 19	136.00	2.30	32	6.3	0.00 (0.0%)

10% Yield On IWS Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	136.00	2.95	60	4.5	0.00 (0.0%)
Sep 19	136.00	2.30	32	6.3	0.00 (0.0%)

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Top 10 Open Interest For Sep 19 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	SLV dividend	1.	ATYR dividend
2.	PCG dividend	7.	FXI dividend	2.	MBX dividend
3.	IWM dividend	8.	IBIT dividend	3.	BHVN dividend
4.	SPY dividend	9.	QQQ dividend	4.	IREN dividend
5.	EEM dividend	10.	KWEB dividend	5.	QURE dividend

Want more examples? IWR Dividend | IWV Dividend