NUSI Dividend Type Payments
Although NUSI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Nationwide Nasdaq-100 Risk-Managed Income ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
Nationwide Nasdaq-100 Risk-Managed Income ETF (NUSI) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
24.81 | 25.97 | 25.47 | -0.07 | 18K | - | 0.0B |
NUSI Dividend-Like Income Using Covered Calls
With NUSI at 25.47, 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% | 0.76 | 0.2 |
5% | 1.27 | 0.3 |
10% | 2.55 | 0.7 |
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 Oct 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | QQQ dividend | 1. | ASTS dividend | |
2. | IWM dividend | 7. | SLV dividend | 2. | APLD dividend | |
3. | SPY dividend | 8. | AAPL dividend | 3. | CAPR dividend | |
4. | FXI dividend | 9. | TSLA dividend | 4. | IONQ dividend | |
5. | EEM dividend | 10. | TLT dividend | 5. | U dividend |
Want more examples? NUSA Dividend | NVAX Dividend