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 3:10 PM ET):

Invesco Food & Beverage ETF (PBJ)
Bid	Ask	Last	Change	Volume	P/E	Market Cap
46.74	46.79	46.75	+0.39	5K	-	0.2B

PBJ Dividend-Like Income Using Covered Calls

With PBJ at 46.75, 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%	1.40	0.4
5%	2.34	0.6
10%	4.68	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	1.15	144	0.8	0.21 (0.4%)
Dec 19	47.00	1.70	235	0.7	0.21 (0.4%)

5% Yield On PBJ Using Covered Calls
Expiration	Strike	Call Bid	Days	Cents/Day	Upside Potential
Sep 19	47.00	1.15	144	0.8	0.21 (0.4%)
Dec 19	47.00	1.70	235	0.7	0.21 (0.4%)

Want to increase dividends with covered calls? Sign Up For A Free Trial

Top 10 Open Interest For May 16 Expiration				Top 5 High Yield
1.	NVDA dividend	6.	GLD dividend	1.	WGS dividend
2.	SPY dividend	7.	IWM dividend	2.	ZETA dividend
3.	TLT dividend	8.	FXI dividend	3.	ENVX dividend
4.	SLV dividend	9.	TSLA dividend	4.	SNAP dividend
5.	QQQ dividend	10.	IBIT dividend	5.	RDDT dividend

Want more examples? PBI Dividend | PBPB Dividend