MORT Dividend Type Payments
Although MORT has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on VanEck Mortgage REIT Income ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:40 AM ET):
| VanEck Mortgage REIT Income ETF (MORT) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 10.53 | 10.54 | 10.53 | +0.06 | 106K | - | 0.3B |
MORT Dividend-Like Income Using Covered Calls
With MORT at 10.53, 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% | 0.32 | 0.1 |
| 5% | 0.53 | 0.1 |
| 10% | 1.05 | 0.3 |
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 MORT Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Feb 20 | 11.00 | 0.15 | 129 | 0.1 | 0.46 (4.4%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Oct 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | INTC dividend | 1. | LAC dividend | |
| 2. | IBIT dividend | 7. | SLV dividend | 2. | ABAT dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | TMQ dividend | |
| 4. | GLD dividend | 9. | QQQ dividend | 4. | POWI dividend | |
| 5. | TSLA dividend | 10. | OPEN dividend | 5. | SANA dividend | |
Want more examples? MORN Dividend | MOS Dividend
