OEF Dividend Type Payments

iShares S&P 100 ETF dividend

Although OEF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares S&P 100 ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 10:10 AM ET):

iShares S&P 100 ETF (OEF)
Bid Ask Last Change Volume P/E Market Cap
335.64 335.69 335.62 +2.50 19K - 17B

OEF Dividend-Like Income Using Covered Calls

With OEF at 335.62, 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% 10.07 2.8
5% 16.78 4.6
10% 33.56 9.2

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:

3% Yield On OEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 335.00 8.70 61 13.1 0.00 (0.0%)
Nov 21 335.00 5.20 33 13.7 0.00 (0.0%)
5% Yield On OEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 335.00 8.70 61 13.1 0.00 (0.0%)
Nov 21 335.00 5.20 33 13.7 0.00 (0.0%)
10% Yield On OEF Using Covered Calls
Expiration Strike Call Bid Days Cents/Day Upside Potential
Dec 19 335.00 8.70 61 13.1 0.00 (0.0%)
Nov 21 335.00 5.20 33 13.7 0.00 (0.0%)

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