JPUS Dividend Type Payments
Although JPUS has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on JPMorgan Diversified Return U.S. Equity ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Thu 4:16 PM ET):
| JPMorgan Diversified Return U.S. Equity ETF (JPUS) | ||||||
|---|---|---|---|---|---|---|
| Bid | Ask | Last | Change | Volume | P/E | Market Cap |
| 106.05 | 118.86 | 111.84 | -4.49 | 11K | - | 0.0B |
JPUS Dividend-Like Income Using Covered Calls
With JPUS at 111.84, 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% | 3.36 | 0.9 |
| 5% | 5.59 | 1.5 |
| 10% | 11.18 | 3.1 |
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. | IREN dividend | |
| 2. | SPY dividend | 7. | NIO dividend | 2. | IONQ dividend | |
| 3. | SLV dividend | 8. | EEM dividend | 3. | QUBT dividend | |
| 4. | ASHR dividend | 9. | TLT dividend | 4. | RUN dividend | |
| 5. | QQQ dividend | 10. | TSLA dividend | 5. | APP dividend | |
Want more examples? JPSE Dividend | JPXN Dividend
