IBKR Dividend

Although IBKR has a dividend of 0.25 with an ex-dividend date of Feb 28, you can sell covered calls on Interactive Brokers Group, Inc. - Class A to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Wed 4:16 PM ET):

Interactive Brokers Group, Inc. - Class A (IBKR)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
205.50	210.00	206.66	+5.72	1.7M	31	22B

IBKR Dividend-Like Income Using Covered Calls

With IBKR at 206.66, 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%	6.20	1.7
5%	10.33	2.8
10%	20.67	5.7

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 IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	210.00	11.30	51	22.2	0.00 (0.0%)
Sep 19	210.00	24.20	206	11.7	0.00 (0.0%)

5% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	210.00	11.30	51	22.2	0.00 (0.0%)
Sep 19	210.00	24.20	206	11.7	0.00 (0.0%)

10% Yield On IBKR Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Apr 17	210.00	11.30	51	22.2	0.00 (0.0%)
Sep 19	210.00	24.20	206	11.7	0.00 (0.0%)

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Top 10 Open Interest For Mar 21 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	KWEB dividend	1.	SOUN dividend
2.	SPY dividend	7.	INTC dividend	2.	SRPT dividend
3.	FXI dividend	8.	QQQ dividend	3.	BBAI dividend
4.	EEM dividend	9.	TLT dividend	4.	LUNR dividend
5.	IWM dividend	10.	SLV dividend	5.	QBTS dividend

Want more examples? IBDV Dividend | IBM Dividend