XOVR Dividend Type Payments
Although XOVR has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ERShares Private-Public Crossover ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 10:00 AM ET):
| ERShares Private-Public Crossover ETF (XOVR) |
|---|
| Bid |
Ask |
Last |
Change |
Volume |
P/E |
Market Cap |
| 21.15 |
21.19 |
21.17 |
+0.25 |
25K |
- |
0.1B |
XOVR Dividend-Like Income Using Covered Calls
With XOVR at 21.17, 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% |
0.64 |
0.2 |
| 5% |
1.06 |
0.3 |
| 10% |
2.12 |
0.6 |
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 XOVR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 21 |
22.00 |
0.25 |
38 |
0.7 |
0.81 (3.8%) |
| May 15 |
22.00 |
1.35 |
213 |
0.6 |
0.81 (3.8%) |
| 5% Yield On XOVR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 21 |
22.00 |
0.25 |
38 |
0.7 |
0.81 (3.8%) |
| May 15 |
22.00 |
1.35 |
213 |
0.6 |
0.81 (3.8%) |
| 10% Yield On XOVR Using Covered Calls |
|---|
| Expiration |
Strike |
Call Bid |
Days |
Cents/Day |
Upside Potential |
| Nov 21 |
22.00 |
0.25 |
38 |
0.7 |
0.81 (3.8%) |
| May 15 |
22.00 |
1.35 |
213 |
0.6 |
0.81 (3.8%) |
Want to increase dividends with covered calls? Sign Up For A Free Trial
