NUSI Dividend Type Payments
Although NUSI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on NEOS ETF Trust NEOS Nasdaq-100 Hedged Equity 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 4:16 PM ET):
| NEOS ETF Trust NEOS Nasdaq-100 Hedged Equity Income ETF (NUSI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 25.59 | 26.61 | 26.25 | 0.00 | 63K | - | 0.0B |
NUSI Dividend-Like Income Using Covered Calls
With NUSI at 26.25, 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% | 0.79 | 0.2 |
| 5% | 1.31 | 0.4 |
| 10% | 2.63 | 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:
| 3% Yield On NUSI Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Dec 20 | 27.00 | 0.10 | 38 | 0.3 | 0.39 (1.5%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Nov 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | FXI dividend | 6. | IWM dividend | 1. | AAP dividend | |
| 2. | NVDA dividend | 7. | EEM dividend | 2. | CAPR dividend | |
| 3. | TSLA dividend | 8. | TLT dividend | 3. | RKLB dividend | |
| 4. | SPY dividend | 9. | SMCI dividend | 4. | DLO dividend | |
| 5. | SLV dividend | 10. | EWZ dividend | 5. | NICE dividend | |
Want more examples? NUSA Dividend | NVAX Dividend
