BILS Dividend Type Payments

Although BILS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on SPDR Bloomberg 3-12 Month T-Bill 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):

BILS Dividend-Like Income Using Covered Calls

With BILS at 99.34, 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:

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:

Want to increase dividends with covered calls?  Sign Up For A Free Trial

Want more examples? BILL Dividend | BIO Dividend