PKB Dividend Type Payments
Although PKB has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco Building & Construction 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):
Invesco Building & Construction ETF (PKB) | ||||||
---|---|---|---|---|---|---|
Bid | Ask | Last | Change | Volume | P/E | Market Cap |
81.21 | 84.36 | 82.81 | +1.01 | 6K | - | 0.8B |
PKB Dividend-Like Income Using Covered Calls
With PKB at 82.81, 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% | 2.48 | 0.7 |
5% | 4.14 | 1.1 |
10% | 8.28 | 2.3 |
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 PKB Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 84.00 | 0.80 | 38 | 1.2 | 0.00 (0.0%) | |
Sep 19 | 84.00 | 1.85 | 73 | 2.0 | 0.00 (0.0%) |
5% Yield On PKB Using Covered Calls | ||||||
---|---|---|---|---|---|---|
Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
Aug 15 | 84.00 | 0.80 | 38 | 1.2 | 0.00 (0.0%) | |
Sep 19 | 84.00 | 1.85 | 73 | 2.0 | 0.00 (0.0%) |
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Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
---|---|---|---|---|---|---|
1. | NVDA dividend | 6. | GLD dividend | 1. | RARE dividend | |
2. | SLV dividend | 7. | AAPL dividend | 2. | TMC dividend | |
3. | SPY dividend | 8. | TLT dividend | 3. | CELC dividend | |
4. | TSLA dividend | 9. | IBIT dividend | 4. | AEVA dividend | |
5. | IWM dividend | 10. | QQQ dividend | 5. | PRAX dividend |
Want more examples? PK Dividend | PKE Dividend