XTL Dividend Type Payments

Although XTL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on State Street SPDR S&P Telecom ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Mon 4:16 PM ET):

State Street SPDR S&P Telecom ETF (XTL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
155.54	159.75	159.05	+1.03	26K	-	0.1B

XTL Dividend-Like Income Using Covered Calls

With XTL at 159.05, 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%	4.77	1.3
5%	7.95	2.2
10%	15.91	4.4

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 XTL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	160.00	5.70	96	5.9	0.25 (0.2%)
Jul 17	159.00	10.80	187	5.4	0.00 (0.0%)

5% Yield On XTL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	160.00	5.70	96	5.9	0.25 (0.2%)
Jul 17	159.00	10.80	187	5.4	0.00 (0.0%)

10% Yield On XTL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	160.00	5.70	96	5.9	0.25 (0.2%)
Jul 17	159.00	10.80	187	5.4	0.00 (0.0%)

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Want more examples? XTH Dividend | XTN Dividend