PDN Dividend Type Payments
Although PDN has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:25 AM ET):
| Invesco RAFI Developed Markets ex-U.S. Small-Mid ETF (PDN) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 40.15 | 40.24 | 40.15 | -0.06 | 8K | - | 0.2B |
PDN Dividend-Like Income Using Covered Calls
With PDN at 40.15, 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% | 1.20 | 0.3 |
| 5% | 2.01 | 0.6 |
| 10% | 4.02 | 1.1 |
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 Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | ATYR dividend | |
| 2. | PCG dividend | 7. | FXI dividend | 2. | CIFR dividend | |
| 3. | IWM dividend | 8. | QQQ dividend | 3. | RUN dividend | |
| 4. | SPY dividend | 9. | IBIT dividend | 4. | TSSI dividend | |
| 5. | EEM dividend | 10. | INTC dividend | 5. | SBET dividend | |
Want more examples? PDM Dividend | PDP Dividend
