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 Tue 2:55 PM ET):

ProShares S&P 500 Ex-Health Care ETF (SPXV)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
56.65	56.78	56.95	+1.64	0K	-	0.0B

SPXV Dividend-Like Income Using Covered Calls

With SPXV at 56.95, 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%	1.71	0.5
5%	2.85	0.8
10%	5.70	1.6

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 SPXV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	57.00	1.80	179	1.0	0.22 (0.4%)
Jul 18	57.00	0.85	88	1.0	0.22 (0.4%)

5% Yield On SPXV Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Oct 17	57.00	1.80	179	1.0	0.22 (0.4%)
Jul 18	57.00	0.85	88	1.0	0.22 (0.4%)

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Want more examples? SPXU Dividend | SPY Dividend