BCD Dividend Type Payments
Although BCD has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):
| abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (BCD) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 31.89 | 32.96 | 32.85 | +0.17 | 56K | - | 0.0B |
BCD Dividend-Like Income Using Covered Calls
With BCD at 32.85, 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% | 0.99 | 0.3 |
| 5% | 1.64 | 0.5 |
| 10% | 3.29 | 0.9 |
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 21 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | SLV dividend | 1. | QUBT dividend | |
| 2. | TLT dividend | 7. | TSLA dividend | 2. | RGTI dividend | |
| 3. | SPY dividend | 8. | AMZN dividend | 3. | MSTR dividend | |
| 4. | IWM dividend | 9. | ASHR dividend | 4. | QBTS dividend | |
| 5. | FXI dividend | 10. | AAPL dividend | 5. | MBLY dividend | |
Want more examples? BCC Dividend | BCE Dividend
