JMBS Dividend Type Payments
Although JMBS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Janus Henderson Mortgage-Backed Securities ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 10:40 AM ET):
| Janus Henderson Mortgage-Backed Securities ETF (JMBS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 45.50 | 45.51 | 45.49 | +0.45 | 102K | - | 0.0B |
JMBS Dividend-Like Income Using Covered Calls
With JMBS at 45.49, 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% | 1.36 | 0.4 |
| 5% | 2.27 | 0.6 |
| 10% | 4.55 | 1.2 |
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 Apr 17 Expiration | Top 5 High Yield | |||||
|---|---|---|---|---|---|---|
| 1. | NVDA dividend | 6. | IWM dividend | 1. | CORZ dividend | |
| 2. | SPY dividend | 7. | NIO dividend | 2. | IONQ dividend | |
| 3. | SLV dividend | 8. | EEM dividend | 3. | QBTS dividend | |
| 4. | ASHR dividend | 9. | TLT dividend | 4. | CVNA dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | IREN dividend | |
Want more examples? JLL Dividend | JMIA Dividend
