OEF Dividend Type Payments

iShares S&P 100 ETF dividend

Although OEF has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on iShares S&P 100 ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 4:16 PM ET):

iShares S&P 100 ETF (OEF)
Bid Ask Last Change Volume P/E Market Cap
291.41 300.04 297.51 +3.92 100K - 15B

OEF Dividend-Like Income Using Covered Calls

With OEF at 297.51, 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% 8.93 2.4
5% 14.88 4.1
10% 29.75 8.2

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 Jan 17 Expiration     Top 5 High Yield
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4.EEM dividend 9.IWM dividend   4.CLSK dividend
5.INTC dividend 10.TLT dividend   5.QUBT dividend

Want more examples? OEC Dividend | OESX Dividend