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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Want more examples? PK Dividend | PKE Dividend