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
141.34	147.94	144.21	-2.19	11K	-	0.1B

XTL Dividend-Like Income Using Covered Calls

With XTL at 144.21, 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%	4.33	1.2
5%	7.21	2.0
10%	14.42	4.0

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
Dec 19	148.00	0.40	19	2.1	0.06 (0.0%)
Jan 16	150.00	1.15	47	2.4	2.06 (1.4%)

5% Yield On XTL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 19	148.00	0.40	19	2.1	0.06 (0.0%)
Jan 16	150.00	1.15	47	2.4	2.06 (1.4%)

10% Yield On XTL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	150.00	5.50	138	4.0	2.06 (1.4%)
Jul 17	148.00	10.60	229	4.6	0.06 (0.0%)

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Top 10 Open Interest For Dec 19 Expiration				Top 5 High Yield
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3.	IWM dividend	8.	SLV dividend	3.	IMNM dividend
4.	QQQ dividend	9.	TLT dividend	4.	PATH dividend
5.	IBIT dividend	10.	FXI dividend	5.	HUT dividend

Want more examples? XT Dividend | XTN Dividend