SLYV Dividend Type Payments

Although SLYV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR S&P 600 Small Cap Value ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

State Street SPDR S&P 600 Small Cap Value ETF (SLYV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
94.42	98.09	96.35	+0.81	1.2M	-	0.5B

SLYV Dividend-Like Income Using Covered Calls

With SLYV at 96.35, 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%	2.89	0.8
5%	4.82	1.3
10%	9.64	2.6

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:

3% Yield On SLYV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	98.00	2.40	161	1.4	0.00 (0.0%)

5% Yield On SLYV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Jun 18	98.00	2.40	161	1.4	0.00 (0.0%)

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Want more examples? SLYG Dividend | SM Dividend