RPG Dividend Type Payments
Although RPG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P 500 Pure Growth ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 9:45 AM ET):
| Invesco S&P 500 Pure Growth ETF (RPG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 46.26 | 46.30 | 46.28 | -0.18 | 13K | - | 2.5B |
RPG Dividend-Like Income Using Covered Calls
With RPG at 46.28, 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% | 1.39 | 0.4 |
| 5% | 2.31 | 0.6 |
| 10% | 4.63 | 1.3 |
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 RPG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Jan 16 | 47.00 | 0.90 | 186 | 0.5 | 0.70 (1.5%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | AAOI dividend | |
| 2. | SLV dividend | 7. | GLD dividend | 2. | PRCT dividend | |
| 3. | SPY dividend | 8. | TLT dividend | 3. | LMND dividend | |
| 4. | TSLA dividend | 9. | QQQ dividend | 4. | STNG dividend | |
| 5. | AAPL dividend | 10. | AMZN dividend | 5. | CELC dividend | |
Want more examples? RPD Dividend | RPM Dividend
