PBJ Dividend Type Payments

Although PBJ has no upcoming (meaning, Board-approved and announced) dividends, you can sell covered calls on Invesco Food & Beverage ETF to create 12 extra dividend type payments per year to boost its yield. Let's look at some recent prices (last updated Tue 11:05 AM ET):

Invesco Food & Beverage ETF (PBJ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
47.02	47.08	47.03	+0.07	10K	-	0.2B

PBJ Dividend-Like Income Using Covered Calls

With PBJ at 47.03, 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%	1.41	0.4
5%	2.35	0.6
10%	4.70	1.3

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 PBJ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	47.00	1.55	221	0.7	0.00 (0.0%)
Jun 20	47.00	0.80	130	0.6	0.00 (0.0%)

5% Yield On PBJ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	47.00	1.55	221	0.7	0.00 (0.0%)

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Want more examples? PBI Dividend | PBPB Dividend