XLRE Dividend Type Payments

Although XLRE has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street Real Estate Select Sector SPDR 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):

State Street Real Estate Select Sector SPDR ETF (XLRE)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
40.42	40.49	40.48	-0.25	9.4M	-	0.0B

XLRE Dividend-Like Income Using Covered Calls

With XLRE at 40.48, 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%	1.21	0.3
5%	2.02	0.6
10%	4.05	1.1

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 XLRE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	41.00	0.90	149	0.6	0.51 (1.3%)
Jan 16	41.00	0.10	30	0.3	0.51 (1.3%)

5% Yield On XLRE Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
May 15	41.00	0.90	149	0.6	0.51 (1.3%)
Feb 20	41.00	0.45	65	0.7	0.51 (1.3%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For Jan 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	AAPL dividend	1.	KBH dividend
2.	INTC dividend	7.	NIO dividend	2.	OMER dividend
3.	IBIT dividend	8.	GLD dividend	3.	BB dividend
4.	TLT dividend	9.	NFLX dividend	4.	TLRY dividend
5.	SLV dividend	10.	ASST dividend	5.	TE dividend

Want more examples? XLP Dividend | XLSR Dividend