SMOG Dividend Type Payments
Although SMOG has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on VanEck Low Carbon Energy ETF 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):
| VanEck Low Carbon Energy ETF (SMOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 102.77 | 115.18 | 109.43 | +1.32 | 1K | - | 0.1B |
SMOG Dividend-Like Income Using Covered Calls
With SMOG at 109.43, 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% | 3.28 | 0.9 |
| 5% | 5.47 | 1.5 |
| 10% | 10.94 | 3.0 |
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 SMOG Using Covered Calls | ||||||
|---|---|---|---|---|---|---|
| Expiration | Strike | Call Bid | Days | Cents/Day | Upside Potential | |
| Oct 17 | 115.00 | 1.50 | 137 | 1.0 | 0.00 (0.0%) | |
| Jan 16 | 115.00 | 3.00 | 228 | 1.2 | 0.00 (0.0%) | |
Want to increase dividends with covered calls? Sign Up For A Free Trial
| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | MDB dividend | |
| 2. | SPY dividend | 7. | EEM dividend | 2. | APLD dividend | |
| 3. | SLV dividend | 8. | TSLA dividend | 3. | IOT dividend | |
| 4. | QQQ dividend | 9. | FXI dividend | 4. | OKLO dividend | |
| 5. | GLD dividend | 10. | TLT dividend | 5. | ALT dividend | |
Want more examples? SMN Dividend | SMP Dividend
