NOBL Dividend Type Payments
Although NOBL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P 500 Dividend Aristocrats 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):
| ProShares S&P 500 Dividend Aristocrats ETF (NOBL) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 104.41 | 105.28 | 104.65 | +0.15 | 652K | - | 5.1B |
NOBL Dividend-Like Income Using Covered Calls
With NOBL at 104.65, 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% | 3.14 | 0.9 |
| 5% | 5.23 | 1.4 |
| 10% | 10.47 | 2.9 |
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 NOBL Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Apr 17 | 105.00 | 1.65 | 134 | 1.0 | 0.00 (0.0%) | |
| Jul 17 | 105.00 | 3.20 | 225 | 1.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Dec 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | MRVL dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | VRT dividend | |
| 3. | QQQ dividend | 8. | SLV dividend | 3. | FULC dividend | |
| 4. | IWM dividend | 9. | GLD dividend | 4. | RZLT dividend | |
| 5. | IBIT dividend | 10. | FXI dividend | 5. | UAMY dividend | |
Want more examples? NOAH Dividend | NOC Dividend
