HERO Dividend Type Payments

Although HERO has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Global X Video Games & Esports ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 4:16 PM ET):

Global X Video Games & Esports ETF (HERO)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
23.97	24.00	23.99	-0.27	54K	-	0.2B

HERO Dividend-Like Income Using Covered Calls

With HERO at 23.99, 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%	0.72	0.2
5%	1.20	0.3
10%	2.40	0.7

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 HERO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	24.00	1.55	232	0.7	0.00 (0.0%)
Feb 21	24.00	0.55	57	1.0	0.00 (0.0%)

5% Yield On HERO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	24.00	1.55	232	0.7	0.00 (0.0%)
Feb 21	24.00	0.55	57	1.0	0.00 (0.0%)

10% Yield On HERO Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Aug 15	24.00	1.55	232	0.7	0.00 (0.0%)
Feb 21	24.00	0.55	57	1.0	0.00 (0.0%)

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Want more examples? HELE Dividend | HES Dividend