QWLD Dividend Type Payments
Although QWLD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR MSCI World StrategicFactors ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 11:00 AM ET):
| SPDR MSCI World StrategicFactors ETF (QWLD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 139.60 | 139.70 | 139.66 | +0.38 | 0K | - | 0.0B |
QWLD Dividend-Like Income Using Covered Calls
With QWLD at 139.66, 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% | 4.19 | 1.1 |
| 5% | 6.98 | 1.9 |
| 10% | 13.97 | 3.8 |
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 QWLD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 140.00 | 1.35 | 65 | 2.1 | 0.30 (0.2%) | |
| Jan 16 | 140.00 | 1.85 | 121 | 1.5 | 0.30 (0.2%) | |
| 5% Yield On QWLD Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Nov 21 | 140.00 | 1.35 | 65 | 2.1 | 0.30 (0.2%) | |
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| Top 10 Open Interest For Sep 19 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IBIT dividend | 1. | METC dividend | |
| 2. | SPY dividend | 7. | IWM dividend | 2. | QURE dividend | |
| 3. | PCG dividend | 8. | EEM dividend | 3. | OPEN dividend | |
| 4. | TSLA dividend | 9. | SLV dividend | 4. | OMI dividend | |
| 5. | QQQ dividend | 10. | FXI dividend | 5. | GRAL dividend | |
Want more examples? QUS Dividend | QYLD Dividend
