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 Thu 4:16 PM ET):
| VanEck Low Carbon Energy ETF (SMOG) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 105.46 | 118.21 | 111.35 | -0.51 | 1K | - | 0.1B |
SMOG Dividend-Like Income Using Covered Calls
With SMOG at 111.35, 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% | 3.34 | 0.9 |
| 5% | 5.57 | 1.5 |
| 10% | 11.14 | 3.1 |
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 | |
| Jan 16 | 118.00 | 3.00 | 219 | 1.3 | 0.00 (0.0%) | |
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| Top 10 Open Interest For Jun 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | GLD dividend | 1. | MP dividend | |
| 2. | SPY dividend | 7. | TSLA dividend | 2. | NVTS dividend | |
| 3. | QQQ dividend | 8. | EEM dividend | 3. | NBIS dividend | |
| 4. | SLV dividend | 9. | FXI dividend | 4. | CAPR dividend | |
| 5. | IWM dividend | 10. | TLT dividend | 5. | MRNA dividend | |
Want more examples? SMN Dividend | SMP Dividend
