SDCI Dividend Type Payments
Although SDCI has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund 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):
| USCF SummerHaven Dynamic Commodity Strategy No K-1 Fund (SDCI) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 20.50 | 32.24 | 21.55 | -0.32 | 120K | - | 0.0B |
SDCI Dividend-Like Income Using Covered Calls
With SDCI at 21.55, 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% | 0.65 | 0.2 |
| 5% | 1.08 | 0.3 |
| 10% | 2.16 | 0.6 |
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:
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| Top 10 Open Interest For Jul 18 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | TSLA dividend | 1. | ALT dividend | |
| 2. | SLV dividend | 7. | IWM dividend | 2. | COGT dividend | |
| 3. | SPY dividend | 8. | AAPL dividend | 3. | BB dividend | |
| 4. | GLD dividend | 9. | FXI dividend | 4. | NVTS dividend | |
| 5. | TLT dividend | 10. | QQQ dividend | 5. | CELC dividend | |
Want more examples? SD Dividend | SDD Dividend
