SPXV Dividend Type Payments
Although SPXV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P 500 Ex-Health Care 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):
| ProShares S&P 500 Ex-Health Care ETF (SPXV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 57.71 | 64.69 | 61.09 | -0.20 | 7K | - | 0.0B |
SPXV Dividend-Like Income Using Covered Calls
With SPXV at 61.09, 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% | 1.83 | 0.5 |
| 5% | 3.05 | 0.8 |
| 10% | 6.11 | 1.7 |
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 Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | EEM dividend | 1. | EWTX dividend | |
| 2. | SPY dividend | 7. | TLT dividend | 2. | HIMS dividend | |
| 3. | ASHR dividend | 8. | NIO dividend | 3. | RCAT dividend | |
| 4. | SLV dividend | 9. | IWM dividend | 4. | RIOT dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | ACHR dividend | |
Want more examples? SPXU Dividend | SPY Dividend
