MST Dividend Type Payments
Although MST has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Defiance Leveraged Long + Income MSTR ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):
| Defiance Leveraged Long + Income MSTR ETF (MST) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 6.90 | 7.33 | 6.90 | +0.02 | 242K | - | 0.0B |
MST Dividend-Like Income Using Covered Calls
With MST at 6.90, 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% | 0.21 | 0.1 |
| 5% | 0.35 | 0.1 |
| 10% | 0.69 | 0.2 |
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 Jan 16 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | AAPL dividend | 1. | OMER dividend | |
| 2. | INTC dividend | 7. | NIO dividend | 2. | DAWN dividend | |
| 3. | TLT dividend | 8. | GLD dividend | 3. | EOSE dividend | |
| 4. | IBIT dividend | 9. | NFLX dividend | 4. | PGR dividend | |
| 5. | SLV dividend | 10. | ASST dividend | 5. | IONQ dividend | |
Want more examples? MSOS Dividend | MSTR Dividend
