SDOG Dividend Type Payments
Although SDOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ALPS Sector Dividend Dogs ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| ALPS Sector Dividend Dogs ETF (SDOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 51.00 | 61.54 | 57.11 | -0.44 | 16K | - | 0.0B |
SDOG Dividend-Like Income Using Covered Calls
With SDOG at 57.11, 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% | 1.71 | 0.5 |
| 5% | 2.86 | 0.8 |
| 10% | 5.71 | 1.6 |
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:
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Aug 15 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | SLV dividend | 6. | IBIT dividend | 1. | COIN dividend | |
| 2. | NVDA dividend | 7. | TSLA dividend | 2. | LUMN dividend | |
| 3. | GLD dividend | 8. | QQQ dividend | 3. | BE dividend | |
| 4. | IWM dividend | 9. | AMZN dividend | 4. | AMZN dividend | |
| 5. | SPY dividend | 10. | INTC dividend | 5. | SMR dividend | |
Want more examples? SDIV Dividend | SDOW Dividend
