SFYF Dividend Type Payments

Although SFYF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SoFi Social 50 ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 2:30 PM ET):

SoFi Social 50 ETF (SFYF)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
55.88	55.96	55.86	+0.21	3K	-	0.0B

SFYF Dividend-Like Income Using Covered Calls

With SFYF at 55.86, 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%	1.68	0.5
5%	2.79	0.8
10%	5.59	1.5

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 SFYF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	56.00	2.35	165	1.4	0.04 (0.1%)
Jan 16	56.00	0.50	46	1.1	0.04 (0.1%)

5% Yield On SFYF Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	56.00	2.35	165	1.4	0.04 (0.1%)
Jan 16	56.00	0.50	46	1.1	0.04 (0.1%)

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Want more examples? SFY Dividend | SFYX Dividend