XMLV Dividend Type Payments
Although XMLV has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco S&P MidCap Low Volatility ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):
| Invesco S&P MidCap Low Volatility ETF (XMLV) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 59.75 | 66.97 | 63.92 | -0.04 | 13K | - | 1.6B |
XMLV Dividend-Like Income Using Covered Calls
With XMLV at 63.92, 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% | 1.92 | 0.5 |
| 5% | 3.20 | 0.9 |
| 10% | 6.39 | 1.8 |
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:
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| Top 10 Open Interest For Feb 20 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | QQQ dividend | 1. | BE dividend | |
| 2. | SLV dividend | 7. | EWZ dividend | 2. | OCUL dividend | |
| 3. | KWEB dividend | 8. | CORZ dividend | 3. | SMCI dividend | |
| 4. | GLD dividend | 9. | INTC dividend | 4. | WDC dividend | |
| 5. | IBIT dividend | 10. | SPY dividend | 5. | IREN dividend | |
Want more examples? XMHQ Dividend | XMMO Dividend
