KCE Dividend Type Payments

Although KCE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR S&P Capital Markets ETF 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):

State Street SPDR S&P Capital Markets ETF (KCE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
149.47	152.60	150.93	+1.21	15K	-	0.3B

KCE Dividend-Like Income Using Covered Calls

With KCE at 150.93, 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%	4.53	1.2
5%	7.55	2.1
10%	15.09	4.1

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 KCE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jan 16	155.00	0.40	29	1.4	2.40 (1.6%)
Feb 20	152.00	1.50	64	1.4	0.00 (0.0%)

5% Yield On KCE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Mar 20	153.00	2.00	92	2.2	0.40 (0.3%)

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Want more examples? KC Dividend | KDP Dividend