NOBL Dividend Type Payments

Although NOBL has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on ProShares S&P 500 Dividend Aristocrats ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Fri 1:40 PM ET):

ProShares S&P 500 Dividend Aristocrats ETF (NOBL)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
105.30	105.32	105.31	-0.23	250K	-	5.1B

NOBL Dividend-Like Income Using Covered Calls

With NOBL at 105.31, 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%	3.16	0.9
5%	5.27	1.4
10%	10.53	2.9

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 NOBL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	105.00	1.90	36	4.4	0.00 (0.0%)
Jan 17	105.00	2.30	64	3.1	0.00 (0.0%)

5% Yield On NOBL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	105.00	1.90	36	4.4	0.00 (0.0%)
Jan 17	105.00	2.30	64	3.1	0.00 (0.0%)

10% Yield On NOBL Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Dec 20	105.00	1.90	36	4.4	0.00 (0.0%)
Jan 17	105.00	2.30	64	3.1	0.00 (0.0%)

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Want more examples? NOAH Dividend | NOC Dividend