PHO Dividend Type Payments

Although PHO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco Water Resources 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):

Invesco Water Resources ETF (PHO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
66.38	69.55	68.20	-0.73	46K	-	2.0B

PHO Dividend-Like Income Using Covered Calls

With PHO at 68.20, 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%	2.05	0.6
5%	3.41	0.9
10%	6.82	1.9

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 PHO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	70.00	0.95	95	1.0	0.45 (0.7%)
Dec 19	70.00	2.00	186	1.1	0.45 (0.7%)

5% Yield On PHO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	70.00	0.95	95	1.0	0.45 (0.7%)
Dec 19	70.00	2.00	186	1.1	0.45 (0.7%)

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Want more examples? PHM Dividend | PHR Dividend