MVV Dividend Type Payments

ProShares Ultra MidCap400 dividend

Although MVV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares Ultra MidCap400 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):

ProShares Ultra MidCap400 (MVV)
Bid Ask Last Change Volume P/E Market Cap
70.06 70.29 70.30 +0.82 10K - 0.2B

MVV Dividend-Like Income Using Covered Calls

With MVV at 70.30, 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% 2.11 0.6
5% 3.52 1.0
10% 7.03 1.9

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 MVV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 3.20 57 5.1 0.00 (0.0%)
Nov 21 70.00 2.05 29 6.1 0.00 (0.0%)
5% Yield On MVV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 3.20 57 5.1 0.00 (0.0%)
Nov 21 70.00 2.05 29 6.1 0.00 (0.0%)
10% Yield On MVV Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 70.00 3.20 57 5.1 0.00 (0.0%)
Nov 21 70.00 2.05 29 6.1 0.00 (0.0%)

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Want more examples? MVRL Dividend | MWA Dividend